2024-03-28T21:55:04Z
http://www.sciencepubco.com/index.php/IJAES/oai
oai:ojs.pkp.sfu.ca:article/771
2014-11-13T03:19:23Z
IJAES:ART
Impact of intellectual capital on financial performance in the pharmaceutical industry in Iran
Jasor, Jalal
shagagi, Firoz
Rezazadeh, Sogra
In the era of knowledge-based economy, organizations make use of two distinct sources for value creation and profit, i.e., tangible resources and or intangible resources. On the other hand, it is believed that intellectual capital could be better than the material and physical capital in explaining financial performance indicators of companies. Regarding this background, the present research, through an investigation done on the performance of 22 pharmaceutical companies in the period of 2004-2008, revealed that companies' efficient and optimal use of material and intellectual resources affects their profitability index. Also, efficiency has a negative effect on the productivity of human capital and productivity of structural capital has a positive impact on equity. Finally, no evidence was found about the hypothesis that the market value changes of companies can be attributed to the performance of intellectual capital and it seems that Iranian pharmaceutical market still continues to be sensitive to material capital more than intellectual capital.
Science Publishing Corporation
2013-05-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/771
10.14419/ijaes.v1i1.771
International Journal of Accounting and Economics Studies; Vol. 1 No. 1 (2013); 1-8
2309-4508
10.14419/ijaes.v1i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/771/677
oai:ojs.pkp.sfu.ca:article/1009
2014-11-13T03:19:26Z
IJAES:ART
Banking consolidation and credit availability for small medium enterprises : evidence from CAMEU countries
Mezui-Mbeng, Pamphile
This article deals with the question whether the process of banking consolidation worsens small medium enterprises (SME) access to credit in Central African Monetary and Economic Union (CAMEU). We utilized cross-sectional data originated from post consolidation banks in CAMEU over the period 1990 to 2010. From a pooled regression in panel data analysis, we find—contrary to public fear—that banking consolidation in CAMEU does not have a significant negative impact on the financing of small medium enterprises. In particular, our results confirm that consolidation process induced changes in banks structure in terms of size and capitalization which positively influence availability of credit for small medium enterprises in the Union. For policy, the need to strengthen the CAMEU banking system becomes fundamentals if the potentials of the bank consolidation exercise will be fully realized.
Science Publishing Corporation
2013-09-04
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1009
10.14419/ijaes.v1i2.1009
International Journal of Accounting and Economics Studies; Vol. 1 No. 2 (2013); 47-52
2309-4508
10.14419/ijaes.v1i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1009/824
oai:ojs.pkp.sfu.ca:article/1012
2014-11-13T03:19:28Z
IJAES:ART
What Explains FDI Flows to Latin America? A Pooled Analysis, 1980-2006
Ramirez, Miguel
This paper estimates a pooled (fixed-effects) FDI investment function that seeks to identify some of the major economic and institutional determinants of FDI flows to nine major Latin American countries during the 1980-2006 period. First, it develops a conceptual framework of analysis that seeks to identify some of the major economic and institutional determinants of FDI. Second, the paper gives an overview of FDI flows to Latin America during the 1990-2011 period, with particular emphasis on their contribution to the financing of gross capital formation. Third, an empirical model for FDI flows to Latin America is outlined and an economic rationale is provided for the included variables and their expected signs. Fourth, the estimates from a panel regression designed to explain the variation in FDI flows to Latin America during the 1980-2006 period suggests that market size (proxied by real GDP), credit provided by the private banking sector, government expenditures on education, the real exchange rate, and the level of economic freedom have a positive and significant effect. On the other hand, public investment spending, the debt-service ratio, and the volatility of the real exchange rate have a negative and significant effect on FDI flows. The panel unit root tests on the residuals of the relevant panel regressions also suggest that there is a stable, long-term relationship among the included variables; i.e., the selected variables in the reported regressions are cointegrated over the relevant time period. Finally, the paper summarizes the major findings and offers some policy prescriptions for attracting FDI flows to the region and enhancing their positive direct and indirect effects.
Science Publishing Corporation
2013-07-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1012
10.14419/ijaes.v1i2.1012
International Journal of Accounting and Economics Studies; Vol. 1 No. 2 (2013); 25-38
2309-4508
10.14419/ijaes.v1i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1012/794
oai:ojs.pkp.sfu.ca:article/1044
2014-11-13T03:19:25Z
IJAES:ART
The Design of Monetary Institutions: An Accounting and Economics perspective
Correa, Romar
We enter meeting ground between two agendas of the heterodox economics programme; the stock-flow-consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy. The objective is to present a National Income accounting approach to two innovations in payments mechanisms: deposit-creating institutions and conditional cash transfers.
Science Publishing Corporation
2013-06-26
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1044
10.14419/ijaes.v1i1.1044
International Journal of Accounting and Economics Studies; Vol. 1 No. 1 (2013); 9-15
2309-4508
10.14419/ijaes.v1i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1044/764
oai:ojs.pkp.sfu.ca:article/1054
2014-11-13T03:19:30Z
IJAES:ART
Scientific Provenance of Accounting
Dobija, Mieczyslaw
Kurek, Bartosz
The commencement of accounting is dated at the outset of civilizations. Instead, the science age began less than five centuries ago. Numerous discussions concerning the recognition of accounting as one of the academic disciplines emerged in the American literature recently. Therefore, the question whether accounting truly belongs to academic disciplines or not is the current issue. However, the former consideration should be formulated differently, since that matter is much deeper than the original problem. Therefore we state the following question: “Is accounting a sort of science or not?”. The study presented in this paper demonstrates that accounting fulfills most of conditions that are essential to consider its scientific provenance. Theory of capital, which is briefly discussed in the article, is a significant part of accounting, which proves that our discipline is the real science. Accepting the statement that the measurement process requires the recognition of what is measured in the first place, it is clear that the recognition of capital belongs to accounting as well. All these deliberations lead to the conclusion that scientific fundamentals of accounting theory enable accounting systems to provide good services for the entire economy.
Science Publishing Corporation
2013-07-04
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1054
10.14419/ijaes.v1i2.1054
International Journal of Accounting and Economics Studies; Vol. 1 No. 2 (2013); 16-24
2309-4508
10.14419/ijaes.v1i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1054/775
oai:ojs.pkp.sfu.ca:article/1181
2014-11-13T03:19:35Z
IJAES:ART
Investigating the granger causality relationship between the consumption of different oil products and economic growth in Iran
Shahbazi, Kiumars
In light of the recent implementation of subsidy reform plan and the elimination of subsidies for energy carrier prices and, in particular, for oil product prices in Iran, and the pressing need for providing clearer and more effective policy guidelines to help advance the plan, the present study is an attempt to explore the relationship between the consumption of different oil products and economic growth. This study primarily seeks to determine whether a Granger causality relationship exists between the consumption of different oil products and economic growth. And, if so, is it unidirectional or bidirectional? To answer the above questions, the author has applied vector autoregressive and vector error correction model (VECM), using quarterly data from 1988 to 2008. The results indicate that, in short-run, none of oil products consumption stimulates economic growth. But the economic growth Granger causes the consumption of gas oil and gasoline. There is also a weak Granger causality from economic growth to consumption of fuel oil and kerosene. There is no relationship between economic growths and liquid gas. In the long run, there exist a two-way Granger causality relationship between fuel oil consumption and economic growth and a one-way Granger causality relationship from economic growth to the consumption of gas oil and, there is not any relationship between the consumption of other products and economic growth. The results suggest that the reduction of oil products consumption (except fuel oil consumption), due to price increases resulting from removal of subsidies, will not negatively affect the economic growth and, hence, we can pursue the subsidy reform plan on oil products without decelerating economic growth.
Science Publishing Corporation
2013-09-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1181
10.14419/ijaes.v1i3.1181
International Journal of Accounting and Economics Studies; Vol. 1 No. 3 (2013); 74-83
2309-4508
10.14419/ijaes.v1i3
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1181/843
oai:ojs.pkp.sfu.ca:article/1197
2014-11-13T03:19:32Z
IJAES:ART
Auditor Switching in the Economic Crisis: The Case in Greece
Maggina, Anastasia
Black, Ervin
Burton, Gre
This study examines auditor switching using discriminant analysis and logistic regression. These two statistical techniques have been employed to show both whether auditor switching can be forecasted and which method better fits the data for companies listed on the Athens Stock Exchange. Using logistic analysis, auditor switching can be forecasted with prediction accuracy which exceeds 92.0 percent. In addition, we find that four financial ratios (Working Capital/Total Assets, Return on Assets, Market Value of Equity/Book Value of Total Debt, Sales/Total Assets) help explain the discrimination between companies that switch auditors and those that do not switch auditors.
Science Publishing Corporation
2013-08-05
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1197
10.14419/ijaes.v1i2.1197
International Journal of Accounting and Economics Studies; Vol. 1 No. 2 (2013); 39-46
2309-4508
10.14419/ijaes.v1i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1197/800
oai:ojs.pkp.sfu.ca:article/1218
2014-11-13T03:19:37Z
IJAES:ART
Does corporate governance affect accounting conservatism? Empirical evidence in the French context
Jarboui, Anis
In the present study, we investigate the relationship between corporate governance (Boards of directors, Ownership) and accounting conservatism. We examine our model in the context of French firms over the period 2007-2011. We predict that an effective set of corporate governance mechanisms is positively related to a higher level of accounting conservatism. Empirical tests show that accounting conservatism depends mainly on the effectiveness of the board, the management shareholding, and the audit quality.
Science Publishing Corporation
2013-10-05
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document
http://www.sciencepubco.com/index.php/IJAES/article/view/1218
10.14419/ijaes.v1i3.1218
International Journal of Accounting and Economics Studies; Vol. 1 No. 3 (2013); 100-110
2309-4508
10.14419/ijaes.v1i3
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1218/868
http://www.sciencepubco.com/index.php/IJAES/article/view/1218/17009
oai:ojs.pkp.sfu.ca:article/1268
2014-11-13T03:19:38Z
IJAES:ART
The effect of Myanmar’s foreign investment policies on FDI inflows: An analysis of panel data across ASEAN member countries
Ramirez, Miguel D.
Tretter, BLake
Once one of the richest countries in Southeast Asia, Myanmar suffered the effects of a closed economy for over 50 years and became one of the poorest and most corrupt countries in the world. Though excited international investors wait to exploit Myanmar’s large labor force and natural resources as it reopens its markets, the country is currently far behind its potential. In such a small economy, large FDI inflows could have a significant impact on the country’s path going forward. Whether or not it receives these inflows depends on how multinational enterprises view Myanmar’s investment environment. In particular, its recently enacted foreign investment law as well as the status of sanctions on the country. By looking at a cross-section of ASEAN-member countries for the period 1995-2011, this paper analyzes the effect of foreign investment policies on FDI flows using a panel fixed-effects regression.
Science Publishing Corporation
2013-10-04
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/1268
10.14419/ijaes.v1i3.1268
International Journal of Accounting and Economics Studies; Vol. 1 No. 3 (2013); 84-99
2309-4508
10.14419/ijaes.v1i3
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1268/866
oai:ojs.pkp.sfu.ca:article/1295
2014-11-13T03:19:34Z
IJAES:ART
Survey of appropriate skills required by forensic accountants: empirical evidence from a developing economy
Lal Bhasin, Madan
Accounting frauds and scams are perennial. They occurred in all eras and in all countries, and affected many organizations, regardless of their size, location, or industry. From Enron and WorldCom in 2001 to Madoff and Satyam in 2009, accounting frauds and scams have been dominating news items in the past decade. Corporations and regulatory bodies are trying their best to analyze and correct existing defects in their reporting system. After having an overview of the fraud scenario in India, it is apparent that criminals have become technology-savvy, and invented newer schemes to perpetuate crimes. In the current reporting environment of “digital-age,” forensic accountants (FA’s) are in great demand for their ‘niche’ accounting, auditing, legal and investigative skills. Hence, ‘forensic’ accounting has been thrown in the “forefront of the crusade” against financial deception and accounting scandals. The present study investigates through a questionnaire, which was conducted in three leading States of the national capital region (NCR) of India during 2011-12, “if there are differences in the views of the relevant skills of FA’s among accounting practitioners, academics, and users of forensic accounting services.” From the statistical test of the hypotheses propounded for this study, we discovered that “core skills are not enough requirements for FA’s, there are significant differences in the relevant skills of FA’s, as given by previous researchers with the current research, and the necessary skills of FA’s, as identified by both academics and professionals, will hopefully meet employers’ expectations too.” Therefore, FA’s, being professional experts having ‘sixth’ sense and possessing ‘special’ skills are urgently required to counter all the ingenuity of these criminals. At present, some Universities in India are considering adding forensic accounting course to their curriculum. The results of this study may provide some guidance to educators for the development of forensic accounting curriculum by identifying the pertinent skills to accompany such a program of study.
Science Publishing Corporation
2013-09-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1295
10.14419/ijaes.v1i2.1295
International Journal of Accounting and Economics Studies; Vol. 1 No. 2 (2013); 53-73
2309-4508
10.14419/ijaes.v1i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1295/836
oai:ojs.pkp.sfu.ca:article/1447
2014-11-13T03:19:40Z
IJAES:ART
A survey on the relationship between ownership structure, debt policy and dividend policy in Tunisian stock exchange : Three stage least square simultaneous model approach
Ben Moussa, Fatma
Chichti, Jameleddine
This research tests the efficiency of the debt policy, dividend policy and ownership structure as mechanism of resolution of agency conflicts between shareholders and managers due to the problem of overinvestment, in the limitation of the problem of the free cash flow. By estimating three stage least square simultaneous model and on the basis of a sample of 35 non-financial Tunisian listed companies selected for the period 2000–2009, our results are in favor of the theory of free cash flows of Jensen (1986) that stipulates that the debt policy represents the principal governance mechanism that can limit the risk of free cash flow. However, our empirical results do not confirm our hypothesis implies that the solution to reduce the level of free cash flow in the Tunisian firms with low growth opportunities is the use of policy dividends. It therefore appears that in the case of our sample, managers must settle their debts to creditors. They should thus allocate free cash flow to profitable projects. Thus, the debt reduces agency costs of free cash flow and present as a control mechanism which substitute dividend policy. Also, it is found that managerial ownership lowers the level of agency costs of free cash flow. However, the ownership concentration increases the risk of the free cash flow. Finally, regarding the impact of ownership structure on the payout ratio, our results support the idea that more risk aversion of the majority shareholders and their intention to expropriate minority shareholders through the extraction private benefits are the cause of a low dividend.
Science Publishing Corporation
2013-12-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1447
10.14419/ijaes.v2i1.1447
International Journal of Accounting and Economics Studies; Vol. 2 No. 1 (2014); 1-21
2309-4508
10.14419/ijaes.v2i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1447/948
oai:ojs.pkp.sfu.ca:article/1485
2015-07-14T04:57:46Z
IJAES:ART
Effect of the Mandatory Adoption of IFRS on Real and Accruals-based Earnings Management: Empirical Evidence From France
Sellami, Mouna
Fakhfakh, Hamadi
The main purpose of this study is to examine whether the mandatory IFRS adoption within French listed companies provides higher earnings quality. More precisely, we study the impact of mandatory IFRS adoption on two approaches of earnings management: real and accruals-based earnings management. This study focuses on a sample of 1488 firm-year observations, 124 firms drawn from the 250 French-listed companies during the period from 1999 to 2011. We use the panel data for our analysis. Specifically, the FGLS estimator method is conducted in our regression models. Our results indicate that the absolute value of discretionary accruals is significantly reduced six years after the mandatory adoption of IFRS. We also find a negative association between the real earnings management and the mandatory adoption of IFRS. Overall, we can deduce that earnings quality is improved in the post-IFRS period in the French context. Keywords: Accruals-based earnings management; International Financial Reporting Standards (IFRS); Real earnings management.
Science Publishing Corporation
2013-12-23
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1485
10.14419/ijaes.v2i1.1485
International Journal of Accounting and Economics Studies; Vol. 2 No. 1 (2014); 22-33
2309-4508
10.14419/ijaes.v2i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1485/1922
oai:ojs.pkp.sfu.ca:article/1505
2014-11-13T03:19:44Z
IJAES:ART
Social disclosure: What are the main explanatory factors? An empirical test in the Tunisian context
Jarboui, Anis
Driss, Rahma
The paper constitutes an attempt of enrichment of researches relating to the publication of corporate social information in the annual reports. It aims to clarify the explanatory factors of the social disclosure. In fact, several research studies have focused on topics relating to the social disclosure in developed countries. However, few studies have analyzed this practice in the Tunisian context. Consequently, the paper tries to identify and assess factors that may influence the decision to publish social information in the annual reports of Tunisian companies. A survey of the literature treating of the topic of social disclosure is carried out and allowing the reformulation of the hypotheses of research. On the methodology, we made recourse to the technique of content analysis of the annual reports of 23 Tunisian companies during five years (from 2007 to 2011). As for results, we find that Tunisian companies tend to publish more information concerning the category « human resources » in comparison with the other studied informational categories (environment, products and implication in the community). As for the test of hypotheses, theses relating to the political visibility, leverage, performance, and number of employees are representing the explanatory factors of the social reporting in Tunisia. Keywords: Social Disclosure; Voluntary Disclosure; Annual Reports; Explanatory Factors; Content Analysis.
Science Publishing Corporation
2014-03-14
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/1505
10.14419/ijaes.v2i1.1505
International Journal of Accounting and Economics Studies; Vol. 2 No. 1 (2014); 34-39
2309-4508
10.14419/ijaes.v2i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/1505/1051
oai:ojs.pkp.sfu.ca:article/2341
2014-11-13T03:19:46Z
IJAES:ART
Does the volatility of exchange rates changed under inflation targeting framework in emerging market?
Manai, Olfa
This article examines whether or not the adoption of inflation targeting (IT) reduces exchange fluctuation and induced economic growth. We investigate (IT) in emerging market, focusing on the relationship between the exchange rates on inflation and output growth. Our research will focus on the conduct of monetary policy under inflation targeting, with respect to fluctuations in the exchange rates. Based on panel data of 28 emerging countries, of which 13 those have adopted inflation targeting policy over the period 1980-2013. Our results confirm that (IT) regime guarantees the stability of exchange rates, the stability of economic growth and controlling inflation. Keywords: Economic Growth, Emerging Markets, Exchange Volatility, Inflation Targeting.
Science Publishing Corporation
2014-05-12
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/2341
10.14419/ijaes.v2i1.2341
International Journal of Accounting and Economics Studies; Vol. 2 No. 1 (2014); 46-49
2309-4508
10.14419/ijaes.v2i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2341/1146
oai:ojs.pkp.sfu.ca:article/2348
2014-11-13T03:19:48Z
IJAES:ART
Balanced scorecard and performance in a competitive environment
Guidara, Rihab
Khoufi, Walid
This paper reports the results of an empirical investigation into strategic performance measurement systems. More specifically, it examines how the Balanced Scorecard (BSC) is associated with the intensity of market competition and the organizational performance. To test these associations, data were collected from 50 Tunisian agribusiness units. The results indicate that the intensity of market competition is a determinant of the use of the BSC which, in turn, is a determinant of organizational performance. Keywords: Market Competition, BSC, Organizational Performance.
Science Publishing Corporation
2014-05-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/2348
10.14419/ijaes.v2i1.2348
International Journal of Accounting and Economics Studies; Vol. 2 No. 1 (2014); 40-45
2309-4508
10.14419/ijaes.v2i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2348/1138
oai:ojs.pkp.sfu.ca:article/2532
2014-12-18T01:11:13Z
IJAES:ART
The relationship between ownership structure and earnings quality in the French context
Masmoudi Ayadi, Wafa
Boujelbène, Younes
The main objective of this paper is to investigate the relationship between ownership structure and earnings quality, proxied by earnings management and informativeness. This study focuses on a sample of 117 French companies belonging to the SBF 250 index during the period 2003-2011. For our analysis, we use the panel data econometrics and, more specifically, the method of Panel Corrected Standard Errors. The results of linear regressions show that managerial ownership has a positive impact on the earnings management and reveal that ownership concentration and institutional ownership have a positive impact on the earnings informativeness. In addition, the results of this study show the existence of non-linear relationship only for ownership concentration and institutional ownership. Keywords: Ownership Structure, Earnings Quality, Earnings Management, Earnings Informativeness.
Science Publishing Corporation
2014-08-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/2532
10.14419/ijaes.v2i2.2532
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 80-87
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2532/1318
oai:ojs.pkp.sfu.ca:article/2744
2014-12-18T01:11:13Z
IJAES:ART
Backed and unbacked central bank money
Correa, Romar
Fiat money, by connotation of the term, does not require the backing of goods or assets. At the same time, chartalists and others argue that government money comes into existence along with government taxation. A corollary must be that if, in keeping with the zeitgeist, direct taxes converge to zero, Central Bank money must vanish. Put differently, if the budget is balanced, the government, along with its monopoly of note issue, ceases to be of interest. The case for competitive currencies lies here. Add to it the demise of banking in the traditional sense and the ascendance of financial institutions with universal functions. In a competitive economy buzzing with current activity and plans for future activity, the intrusion of government in the senses above cannot be welfare-enhancing. The press for free banking becomes muted in times of crisis. Indeed, in the aftermath of the financial-real meltdown in America, the Federal Reserve began to operate on the long end of the term structure of interest rates, the portion of the yield curve believed to be determined by private investment plans. We examine these different institutional arrangements along a causal dimension. For the purpose, we build up consistent accounting structures. The objective is to appraise the systemic stability of various monetary arrangements. Keywords: Private Money; Government Money.
Science Publishing Corporation
2014-06-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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http://www.sciencepubco.com/index.php/IJAES/article/view/2744
10.14419/ijaes.v2i2.2744
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 50-54
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2744/1198
oai:ojs.pkp.sfu.ca:article/2748
2014-12-18T01:11:13Z
IJAES:ART
Time-series cross-sectional environmental performance and disclosure relationship: specific evidence from a less-developed country
Hassan, Aminu
Kouhy, Reza
This paper relies on ‘vulnerability and exploitability’ framework to submit new insights into legitimacy theory and voluntary disclosure theory using specific empirical evidence from the Nigerian oil and gas industry. The study connects the voluntary and legitimizing disclosure behaviors, regarding carbon emission due to gas flaring, of dominant companies in the Nigerian upstream petroleum sector to the vulnerability and exploitability of Nigeria as a less developed country. The hypothesized relations between gas flaring-related environmental performance and two forms of its disclosure (volume and substance) are estimated and tested using Prais-Winsten regression with Panel Corrected Standard Errors (PCSE). While the paper uses Data Envelopment Analysis (DEA) to measure gas flaring-related carbon performance, the two forms of gas flaring-related disclosures are measured using content analysis. We document significant positive and negative association between gas flaring-related carbon emission performance, on one hand, and the volumetric disclosure and disclosure substance on the other hand. These results imply that while the positive relation confirms the vulnerable nature of Nigeria as a less developed country, the negative relation is linked to the country’s exploitability. It is also empirically established that environmental performance is one of the key factors responsible for the undulating trend in the volume of environmental disclosures by large corporations operating in less-developed countries Keywords: Carbon Emission, Environmental Performance, Environmental Disclosure, Exploitability, Gas Flaring, Vulnerability.
Science Publishing Corporation
2014-07-01
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
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http://www.sciencepubco.com/index.php/IJAES/article/view/2748
10.14419/ijaes.v2i2.2748
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 60-73
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2748/1226
http://www.sciencepubco.com/index.php/IJAES/article/view/2748/17111
http://www.sciencepubco.com/index.php/IJAES/article/view/2748/17112
http://www.sciencepubco.com/index.php/IJAES/article/view/2748/17113
oai:ojs.pkp.sfu.ca:article/2873
2014-12-18T01:11:13Z
IJAES:ART
Effect of increased uncertainty on financial asset holding
Frimpong, Albert
Much is known from theoretical and empirical literature about the relationship between firms’ investment decisions and increased uncertainty; thus, firms have preference for liquid assets to capital formation under uncertainty because investment in capital formation is not easily reversible. So, whether uncertainty has effect on financial investment is a moot point to consider. This paper investigates the relationship between financial information and financial asset holding. A model is formulated and empirical evidence provided to throw more light on the relationship. The paper finds that financial information reduces uncertainty regarding investment in financial assets. The paper recommends to financial investors to gather information regarding the investment to minimise the risks associated with losing value for the money invested and also to avoid investment mistakes. Also, the paper finds that financial investors, adopt “wait and see” approach and delay investment with increased uncertainty. Stakeholders should put measures in place to prevent (negative) rumors regarding financial institutions because it cripples financial investment as prospective investors would decrease their investment and wait in order to increase their information about the true state of the market before they make investment. Also, policy makers should ensure macroeconomic stability and safe political environment for the operation of the financial market. Keywords: Financial Assets, Uncertainty, Financial Information, Investment, Interest Rate, Financial Investor.
Science Publishing Corporation
2014-06-17
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/2873
10.14419/ijaes.v2i2.2873
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 55-59
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/2873/1201
oai:ojs.pkp.sfu.ca:article/3064
2014-12-18T01:11:13Z
IJAES:ART
Efficiency of bank crediting of real sector of economy in the context of separate banking groups: an empirical example from Ukraine
Lyashenko, Vyacheslav
Crediting is one of the basic directions of activity of banks. It is connected with that realisation of credit transactions should be considered as a defining component of bank management. According to this defining component each separate bank will organise loan of resources and their subsequent arrangement on proper conditions and on proper risk. Thus possibilities and the expediency of crediting are defined by a bank size in many respects. At the same time development of real sector of economy allows to speak about competitiveness, both individual industries of economy and the country as a whole. Hence, the efficiency of bank crediting of real sector of economy in the context of separate banking groups on example of Ukraine is investigated in this work. The given research is carried out with use of SFA methodology. There is also revealed the correlation between volumes of crediting of real sector of economy and efficiency of such crediting for separate banking groups. There was made the conclusion about necessity of balanced use of real resources of banks for growth of crediting efficiency. Keywords: Modelling, Efficiency, Bank Crediting, Real Sector Of Economy, Stochastic Boundary Of Efficiency.
Science Publishing Corporation
2014-07-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/3064
10.14419/ijaes.v2i2.3064
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 74-79
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/3064/1280
oai:ojs.pkp.sfu.ca:article/3571
2014-12-18T01:11:13Z
IJAES:ART
Exploring downsizing: a case study of airline company of Pakistan
Hussain, Shahbaz
Nayyab, Hafiza
Fareed, Zeeshan
Ahmad, Haseeb
Shahzad, Farrukh
Pakistan is facing economic downfall for the past few years and this has created adverse impact on all government and private organizations. Due to economic downfall organizations are reducing number of employees to decrease their costs by using downsizing. This study investigated the consequences of downsizing on survivor employees in a leading airline company of Pakistan. Case study technique has been used and data has been collected through un-structured interviews from 12 employees. NVivo 10 software has been applied for in-depth qualitative analysis. Different techniques have been used for the validation of different themes of the study including graphs, word tag clouds, word tree map and tree map. The findings depicted 14 more or less critical consequences of downsizing on survivor employees. More critical consequences are perceptions about work, internal feelings, internal motivation, job satisfaction, organizational commitment, career development, employee performance, feelings of job insecurity, thinking for better opportunity and stress. Less critical consequences are increase in workload, fear of job loss, bad health and thinking to switch. These consequences of downsizing can be divided into two major categories such as effects on attitudes and effects on behaviors. It is concluded that employees with less experience are more inversely affected by downsizing. Downsizing has negatively affected attitudes and behaviors of survivor employees in leading Airline Company of Pakistan but impact on attitudes is higher than on behaviors. Keywords: Attitudes, Behaviors, Downsizing, Survivors, NVivo.
Science Publishing Corporation
2014-09-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/3571
10.14419/ijaes.v2i2.3571
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 88-94
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/3571/1391
oai:ojs.pkp.sfu.ca:article/3668
2015-04-04T06:02:07Z
IJAES:ART
Determinants of voluntary web-based disclosure: A comparison of the united kingdom and its former colony, New Zealand
Ghorbel Siala, Hanen
Mnif Sellami, Yosra
Borgi Fendri, Hela
The paper represents an attempt of enrichment of researches relating to the publication of Voluntary Information Disclosure on the Web-Sites (VDWS). The main objective of this research is to compare the extent of VDWS and the differential impact of some firm specific characteristics in the United Kingdom and New Zealand on firms’ VDWS. In fact, comparative disclosure studies tend generally to evaluate the differential impact of firm specific characteristics on information disclosure in two different legal systems (for example, common law and code law) or having different cultural values. However, few studies have analyzed this topic in countries having the same legal system and/or similar cultural values. The results illustrate a significant variation of VDWS practices across the two countries. The results show, also, that the majority of the identified determinants differ between these two countries in their significance and their sign. The principal results prove that firm size represents a positive common factor on the extent of VDWS in the two countries. The specific factors of British companies are: dispersion of ownership, performance, and the number of listing on foreign stock exchanges. Whereas those of New Zealand companies are bored independence and leverage level. Keywords: Determinants, Voluntary Disclosure, Websites, United Kingdom, New Zealand.
Science Publishing Corporation
2014-11-08
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/3668
10.14419/ijaes.v2i2.3668
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 100-110
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/3668/1466
oai:ojs.pkp.sfu.ca:article/3704
2015-05-13T13:47:47Z
IJAES:ART
FDI sway on economic growth: a case study of China
Shahzad, Farrukh
Zia, Ahsan
Zulfiqar, Bushra
Fareed, Zeeshan
This research paper intends to examine the effect of outside Foreign Direct Investment (FDI) in China for the period 1987 to 2013. It assessed the GDP development execution and evaluated the historical tend of the FDI and CPI in China. The connection between gross domestic product (GDP,) foreign direct investment and Inflation is measured with the assistance of various relapse models. We used T-statistics and multiple regressions on data. GDP in this model is utilized as dependent variable though FDI and swelling (CPI) are measured as independent variables. As indicated by the results, the model is general reveal that there is positive and significant relationship of GDP with FDI and also positive and significant relationship found between GDP and CPI. On the premise of the experimental results gained, policy maker should play a vital role to invest FDI may be included in the exchange of assets from less beneficial to more gainful divisions of the economy.Keywords: Foreign Direct Investment, Consumer Price Index, Gross Domestic Product, China.
Science Publishing Corporation
2014-11-03
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/3704
10.14419/ijaes.v2i2.3704
International Journal of Accounting and Economics Studies; Vol. 2 No. 2 (2014); 95-99
2309-4508
10.14419/ijaes.v2i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/3704/1762
oai:ojs.pkp.sfu.ca:article/3867
2015-05-18T14:40:02Z
IJAES:ART
Accruals and the prediction of future operating cash-flows: evidence from Tunisian companies
benjemâa, Olfa
Toukabri, Mohamed
Jilani, Faouzi
Earnings
Accruals
Operating Cash Flow
Prediction
Future Cash Flow.
The purpose of this study is to investigate the ability of earnings and its components to predict future cash flows for Tunisian companies. We provide evidence on the ability of aggregate earnings, accruals and its components to forecast one or two-period ahead cash flows.The results of the models show that disaggregating earnings into cash flows and total accruals enhance the predictive ability of earnings relative to aggregate earnings. Furthermore, consistent with prediction, the disaggregating total ac-cruals into its major components (change in accounts receivable; change in inventory; change in accountant’s payable, amortization, and other accruals) significantly enhances the predictive ability of earnings. Each accruals component’s proves a significantly power to predict future cash flows.
Science Publishing Corporation
2014-12-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/3867
10.14419/ijaes.v3i1.3867
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 1-6
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/3867/1521
Copyright (c) 2014 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4090
2015-05-18T14:40:02Z
IJAES:ART
Full development of the theory of accounting and auditing
Mohammadi, Shaban
Accountability
Auditing
International Accounting
Management
Responsibility.
Lending and public funds for political purposes, taxation, etc., require reports on new and authentic. Increase the number of uses and users of financial reports, information and capital and money market boom, accounting and auditing the objective of meeting the needs of a limited number of owners of capital to meet the needs of the community, has been upgraded. The audit will validate the information contained in the financial statements that are prepared by accountants. Audit process of accountability, and accountability requires the establishment of a social welfare system. With such interpretations role in auditing and accounting features are outstanding (Derby, 1388). To improve the reporting procedure, it is essential that the performance, resource utilization and costs and income related record. Evidence must be documented to prove liability is fully done. After thorough research and a comprehensive learning and accountability, the proposed system must be responsive to environmental, structural responsive, honest behavior and control systems have responsibility (Qu, 2006).
Science Publishing Corporation
2015-01-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4090
10.14419/ijaes.v3i1.4090
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 7-9
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4090/1591
http://www.sciencepubco.com/index.php/IJAES/article/view/4090/17228
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4098
2015-05-18T14:40:02Z
IJAES:ART
A study on small investors’ sentiment, financial literacy and stock returns: evidence for emerging market
Mouna, Amari
Anis, Jarboui
Anchoring
Emerging Market
Experience
Financial Literacy
Portfolio Return.
Humans are constantly susceptible to cognitive errors and these create biases in their judgments. The main purpose of this paper is to determine how the sentiment of the small investors affects their decision making by examining their portfolio returns and does experience level can reduce this errors.The proposed model of this research uses the classification trees analyses to examine this relationship. Investor‘s biases have been measured by means of a questionnaire comprising several items. As for the selected sample, it has been composed of 128 small investors actively trading on the Tunisian stock market.The findings show that the portfolio returns of the small investors were somehow influenced by behavioral biases and the results indicate that anchoring, familiarity, age and experience to be important contributory factors to the decision making performance. Also our findings reveal that their experience level can reduce the biases in their judgments.
Science Publishing Corporation
2015-02-01
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4098
10.14419/ijaes.v3i1.4098
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 10-19
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4098/1598
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4120
2015-05-18T14:40:02Z
IJAES:ART
Role of human capital on economic growth : A case study of Pakistan
Shahzad, Farrukh
Human Capital
Economic Growth
IMR
IGR
GFCF.
The study observes the role of human capital formation on economic growth in Pakistan by utilized the secondary data form the period of 1990 to 2013. The study clearly revealed that education enrollment index (Proxy of human capital) health (IMR) and physical capital (FGCF, IGR) are keys to boost the economic growth of Pakistan. Data manipulated through least square multiple regression models by using E-view. The main variable human capital (Education Enrollment Index) has a positive significant impact on dependent variable GDP so it established that enrollment in education preferred for growth of the Pakistani economics and results are robust. Gross fix capital formation (GFCF) has positive significant impact on dependent variable furthermore investment growth rate (IGR) has highly significant and positive impact on GDP. There are negative but significant relationship between Infant Mortality Rate and consumer price index with gross domestic product of Pakistan respectively. These results indicate that both health and education sector should be required highly attention to sustain the economic growth of Pakistan.
Science Publishing Corporation
2015-02-06
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/msword
http://www.sciencepubco.com/index.php/IJAES/article/view/4120
10.14419/ijaes.v3i1.4120
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 20-24
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4120/1601
http://www.sciencepubco.com/index.php/IJAES/article/view/4120/17229
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4238
2015-05-18T14:40:02Z
IJAES:ART
Audit of movable and immovable property foreigners in Iran
Mohammadi, Shaban
Zahmati, Fatemeh
Mohammadi, Ali
Immovable Property
Foreigners
Property Audit
Tax.
This article related to the acquisition of immovable property by foreigners and audit of the country of Iran. first, a description of the movable and immovable property provided by the auditors of the situation in Iran. immovable property owned by foreign nationals in accordance with the conventions or that of any of the laws of Iran. raw materials of the civil law relating to immovable property to foreign nationals decide about translation of the original material of the French civil code. with the progress of human civilization and the development of communities and increasing international exchanges and communications and other foreign nationals in any country of the United need to be at least more privacy for citizens known interior there is a benefit. Foreign nationals have the right to freedom of movement and the right to engage in commerce and trade and the exchange of marriage and divorce and property ownership whether movable or immovable have the ability to work and live in the community are not alien to them. today, as in most countries, even the acquisition of immovable property to foreigners and states that this right is recognized foreigners are known to have been in the minority.
Science Publishing Corporation
2015-02-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4238
10.14419/ijaes.v3i1.4238
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 25-28
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4238/1634
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4240
2015-05-18T14:40:02Z
IJAES:ART
Check cloud computing profession in comparison with traditional brands
Mohammadi, Shaban
Mohammadi, Ali
Mehmandoost, Mohammad
Cloud Platform
Cloud Computing Technologies
Financial Reporting.
Information needed to perform computing tasks can justify the need for us to technology. accounting knowledge is significantly changing and improving. financial companies - large accounting and professional services organizations are increasingly moving toward technology. the computational intensive tasks for companies without expensive hardware and software. Science and technology of cloud computing or cloud computing are a hot topic right now is the accounting profession. the purpose of this paper is to examine the impact of cloud computing on the accounting profession, along with a review of all aspects of this technology compared to the traditional brands.
Science Publishing Corporation
2015-03-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4240
10.14419/ijaes.v3i1.4240
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 29-35
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4240/1650
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4290
2015-11-27T06:28:50Z
IJAES:ART
Economics approaches the fork in the road. Labor self-financing and tax free compensations or toil of deficit and deflation
Dobija, Mieczyslaw
Capital
Labor
Earnings
Deficit
Deflation.
The aim of this paper is pointing out the causes of persistent budget deficits, and the emergence of deflation. As a result of the theoretical analysis of capital and labor tandem the phenomenon of labor self-financing is revealed. Discerning the money-goods economy in the form of the two parallel streams of products, and money lead to the alternative equation of exchange, which indicates an acceptable credit size? The main outcome of this study is clarify that deflation is related to funding of work in the public sector by taxes. It results in imbalance between the value of the product and the money streams. If inflation is under control then deflation reveals itself. Additionally it is concluded that economics without deficit, inflation and deflation may exist. It is further claimed that in the present economics there is a correspondence between the amount of necessary issuance of money and the amount of salaries in the public sector.
Science Publishing Corporation
2015-06-02
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4290
10.14419/ijaes.v3i2.4290
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 86-94
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4290/1816
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4337
2015-05-18T14:40:02Z
IJAES:ART
Determinants of nonperforming loans in the Southern Mediterranean countries
Ouhibi, Saoussen
Hammami, Sami
Banking Sectors
Macroeconomic Determinants
Non-Performing Loans.
The main aim of this paper is to examine the determinants of financial soundness indicators (non-performing loans) of the banking system. There are several factors that lead to the growth or decline of non-performing loans, such as macroeconomic variables. This study uses a sample of six out often countries of the Southern Mediterranean (Tunisia, Morocco, Egypt, Lebanon, Jordan and Turkey) that were analyzed over the period of 2000 to 2012. Our result shows that the non-performing loans negatively depend on the nominal exchange rate, the consumer price index and the gross capital formation.
Science Publishing Corporation
2015-03-26
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4337
10.14419/ijaes.v3i1.4337
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 50-53
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4337/1677
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4371
2015-05-18T14:40:02Z
IJAES:ART
Filtering the piotroski portfolio: the roles of economic sector, small cap, and technical momentum
Rada, Roy
Portfolio Management
Value Investing
Fundamentals
Small Market Capitalization
Economic Sectors
Technical Momentum
RiskAdjusted Returns.
Background and Objective: In one of the most cited, value-investing results, a portfolio of approximately 100 stocks is selected based on value and fundamental factors. If an investor wants to select 10 of those recommended stocks, then to what extent might economic sector diversification, market capitalization, and technical momentum indicators be useful?Method and Results: In this paper, several strategies produce the 10-stock portfolio that retains the performance of the 100-stock portfolio. Choosing the smallest market cap stocks tends to make the greatest, positive difference in gains, but deeper investigation reveals that those stocks may not be practically accessible investment vehicles.
Science Publishing Corporation
2015-03-23
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4371
10.14419/ijaes.v3i1.4371
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 44-49
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4371/1669
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4397
2015-05-18T14:40:02Z
IJAES:ART
Anticipated series average monthly price of gold in using the time series of software Minitab
Mohammadi, Shaban
Khademi, Mohammad
We can study the statistics, basic research to get the needs arising in different fields get considered.after knowing the statistics obtained from the trust issue is investigated, which is considered to be important. procedures because it is true that the correct result is achieved. and concluded with a detailed study on the mode of research is to identify the needs of current and non-current sources can be required by a suitable method found.the problem considered in this study in relation to the expected range of average monthly price of gold on the London market in terms of dollars.we are gathered here with the predicted theoretical and practical knowledge to study and time series methods described above.
Science Publishing Corporation
2015-03-21
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4397
10.14419/ijaes.v3i1.4397
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 36-43
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4397/1670
oai:ojs.pkp.sfu.ca:article/4491
2015-05-18T14:40:02Z
IJAES:ART
A review of market based management as a strategic performance tool- an illustrative example through Tata steel
Vardhan, Julie
Austrian Economics
Constructivism
Market-Based Management
Performance Tool
Tata Steel.
While market economy is being questioned after the recent economic crises for its philosophy of the individual working for oneself, relentless capitalism and an unaccountable profit motive; market as a construct needs to be considered in the right perspective. This study explores the concept of Market-based Management (MBM) which brings the power of a free-market economy inside a firm. Although the strategic tool had been proposed two decades back, its application to organizations as a performance tool has not been much explored. The purpose of the paper is to explore from a constructivist perspective the applicability and relevance of Market-based Management in the context of Tata Steel, an Indian steel manufacturing company with global presence. Through secondary data analysis of Tata and at a conceptual level, it is seen that MBM could be used to transform firms into market-based institutions as a way of improving efficiency. Hopefully, the study will provide a solid ground for a more extensive research in understanding the implementation of MBM in a company.
Science Publishing Corporation
2015-04-21
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4491
10.14419/ijaes.v3i1.4491
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 54-59
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4491/1721
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4541
2015-05-18T14:40:02Z
IJAES:ART
Forensic accounting and fraud: A review of literature and policy implications
Ozili, Peterson
Forensic Accounting
Fraud
Forensic Education
Fraud Triangle.
This review present some evidence on fraud, forensic accounting, the skills and education of the forensic investigator. Also, some explanation for the diverging views among academics and regulators in relation to detecting fraud are provided. To regulators, I address the question on why academic research in forensic accounting have little significance to inform policy. Further, I present some rich set of questions and identify a number of important directions for future research in forensic accounting. This paper is intended to stimulate debates and future research of the issues identified.
Science Publishing Corporation
2015-04-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4541
10.14419/ijaes.v3i1.4541
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 63-68
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4541/1728
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4549
2015-05-18T14:40:02Z
IJAES:ART
The role of disclosure and transparency in financial reporting
Mohammadi, Shaban
Nezhad, Behrad Moein
Transparency
Voluntary Disclosure
Information Disclosure
Investors
Information Risk.
Voluntary disclosure and transparency can preserve the interests of shareholders, and the company's performance improves. in this paper, the importance of transparency in financial reporting and expressed its limitations and quality of disclosure and transparency, we express and at the end of the importance and benefits of voluntary disclosure, as well as major issues and the impact of voluntary disclosure of information in the market. we will examine.
Science Publishing Corporation
2015-04-24
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4549
10.14419/ijaes.v3i1.4549
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 60-62
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4549/1726
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4601
2015-05-18T14:40:02Z
IJAES:ART
The role of the economic and behavioral circumstances in the IAS/IFRS’s adoption (the case of developing countries)
Riahi, Olfa
Khoufi, Walid
International Accounting Standards (IAS / IFRS)
Developing Countries
“Institutional– Environment†Determinism.
In this paper, we suggest to study the impact of economic and behavioral factors on the decision to adopt IFRS in developing countries until the year 2013.By using the accounting approach of “institutional –environment†determinism and based on a sample of 76 developing countries. This work has allowed us to conclude that behavioral factors, mainly corruption, influence more than economic factors the decision of adopting or not IFRS by developing countries.
Science Publishing Corporation
2015-05-13
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4601
10.14419/ijaes.v3i1.4601
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 69-77
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4601/1763
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4631
2015-05-20T09:31:45Z
IJAES:ART
The determinants of issuers’ long term credit ratings : American S&P500 index
Feki Krichene, ÙÙAfef
Khoufi, Walid
Credit Ratings
Determinants
Interest and Debt Coverage
Ordered Probit Model.
In this paper, we examine the impact that various financial and business profile variables have on credit ratings issued for the S&P500 firms by Moody’s. Our ordered probit model indicates that firms’ financial policy, size, liquidity, interest and debt coverage have the most pronounced effect on credit ratings. Our results show that different coefficients are associated to the increments of interest and debt coverage ratios. Business profile variables are not significant. Liquidity variable is also a significant determinant of the issuer long-term credit rating and not just the short term one.
Science Publishing Corporation
2015-05-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document
http://www.sciencepubco.com/index.php/IJAES/article/view/4631
10.14419/ijaes.v3i1.4631
International Journal of Accounting and Economics Studies; Vol. 3 No. 1 (2015); 78-85
2309-4508
10.14419/ijaes.v3i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4631/1771
http://www.sciencepubco.com/index.php/IJAES/article/view/4631/17256
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4646
2015-11-27T06:28:50Z
IJAES:ART
Oil price volatility, macro-finance interactions and the role of monetary chocks
Algia, Hammami
Samia, Gmidéne
Oil Supply Shocks
Financial Chocks
Oil-Specific Demand Shock
SVAR Models.
This paper deals the impact of major external (monetary, financial, Oil supply, aggregate demand) shocks on the real oil price. For this reason, we use the structural VAR methodology (SVAR) on the basis of which we define five structural shock estimate SVAR models to determine the relationship between these five shocks.This paper presents the dynamic effects of these shocks on the real oil price and estimates the estimated contribution of these shocks to real oil price during the M11995– M2 2013 periods. Therefore, the objective of this paper is to identify the structural shocks underlying the real oil price.The results show that financial and monetary chocks are two key determinants of oil prices. The results indicate that the period of financial stress has contributed to the downturn of the economy by boosting the cost of credit and making businesses, households, and financial institutions highly cautious, and consequently to rise of oil price.
Science Publishing Corporation
2015-07-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4646
10.14419/ijaes.v3i2.4646
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 120-127
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4646/1930
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4717
2015-11-27T06:28:50Z
IJAES:ART
Book-tax differences: relevant explanatory factors
Riguen, Rakia
Jarboui, Anis
Book-Tax Differences
Institutional Factors
Non-Institutional Factors.
This research is designed to investigate factors affecting the book-tax gap in the Tunisian context. Despite the close link between financial and tax accounting in Tunisia, it has been discovered that accounting, and taxation appear to diverge considerably. Regression analysis results highlight that this reporting gap is largely attributable to legal differences between financial and tax accounting as well as to discretionary earning management practices. Noteworthy, the study under takes to examine several factors that constitute the basis on which previously elaborated researches to have been based, and, which appear to be consistent with the present work particular context. Relying on an eight-year database, relevant to the period 2005-2012, the major factors affecting the book tax gap in Tunisia turn out to be profitability, sales growth, discretionary accruals, price to earnings ratio and debt.
Science Publishing Corporation
2015-06-08
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4717
10.14419/ijaes.v3i2.4717
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 95-104
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4717/1849
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4816
2015-11-27T06:28:50Z
IJAES:ART
Financial performance of investment funds as members of Tehran stock exchange
Jamdar, Marzieh
Mutual Fund
Sharpe's Measure
Treynor's Measure
Jensen's Measure
Modigliani's Measure.
In this research, the financial performance of investment funds as members of Tehran Stock Exchange was measured based on the Modern Portfolio Theory (MPT) measures including Sharpe's, Jensen's, Treynor's and Modigliani's measures. The performance rating of investments was also compared based on the above measures and the relation of any fund's rank with the related measures was examined. Overall, 32 mutual funds were evaluated during 2011-12. The results showed that the net growth percentage of any in-vestment unit's asset value is directly and strongly related to the growth percentage of Sharpe's, Jensen's and Modigliani's measures, but the net growth percentage of any investment unit's asset value is weakly and inversely related to Treynor's measure. The funds' ranks were not also the same based on the abovementioned measures, but there is only a significant relationship between their ranks.
Science Publishing Corporation
2015-06-21
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4816
10.14419/ijaes.v3i2.4816
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 105-108
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4816/1898
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4817
2015-11-27T06:28:50Z
IJAES:ART
Impact of uncertainty and decentralization on activity-based costing use
Elhamma, Azzouz
Moalla, Hanen
Activity-Based Costing Use
Horizontal Decentralization
Moroccan Firms
Perceived Environmental Uncertainty
Vertical Decentralization.
The aim of this paper is to explore the impact of environmental and organizational factors on activity-based costing (ABC) use. These variables are studied respectively through the perceived environmental uncertainty, and the organizational structure represented by both horizontal and vertical decentralization.Data were collected from 62 Moroccan firms, operating in different sectors, via a questionnaire survey. The findings indicated that ABC use is not associated with perceived environmental uncertainty and horizontal decentralization. However, firms with a high degree of vertical decentralization use more ABC than those with a centralized vertical structure (p<10%).This research adds to general knowledge and offers insights into management accounting since the study is conducted in a developing country that has specific environmental and organizational characteristics. Previous research has studied perceived environmental uncertainty in other contexts of innovations. In our paper, we investigate the case of ABC and we.analyse decentralization with both horizontal and vertical dimensions.
Science Publishing Corporation
2015-10-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/msword
http://www.sciencepubco.com/index.php/IJAES/article/view/4817
10.14419/ijaes.v3i2.4817
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 148-155
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4817/2019
http://www.sciencepubco.com/index.php/IJAES/article/view/4817/17261
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4830
2015-11-27T06:28:50Z
IJAES:ART
The role of management changes in the auditor's report
Mohammadi, Shaban
Saremi, Hamid
Almasi, Mina
Report Auditing
Change Management
Company Size Semicolon.
The purpose of this study was to identify the relationship between the company management and auditors have commented. This in-clouds the period from 2002 to 2012. The study sample included 100 companies from a number of listed companies on the Stock Ex-change in Tehran. This research is a correlation. Test hypotheses based on multivariate regression was performed. research findings indicate that the auditor's opinion the most affected factors such as change management, audit fees, auditor's term of office, firm size, debt ratio, the ratio of profit and loss is reported. The results emphasize that the management of change increases, the number of items before the said paragraph comments reduced.
Science Publishing Corporation
2015-07-02
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4830
10.14419/ijaes.v3i2.4830
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 117-119
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4830/1914
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/4845
2015-11-27T06:28:50Z
IJAES:ART
External auditor's characteristics, corporate governance and audit reporting quality
Sakka, Imen Fakhfakh
Jarboui, Anis
Audit Reporting Quality
External Auditor Reputation
Ownership Structure
Directors' Board
Tunisian Companies
Corporate Governance Mechanisms Interaction.
The present study is aimed at investigating the combined effect of internal governance mechanisms along with the external auditor reputation on audit reporting quality. This paper is based on a study simple consisting of 28 Tunisian companies listed on the             Tunisian Stock Exchange (TSE) over the period 2006-2013. In this respect, and for further consolidating evidence to be provided an empirical study applying multivariate regression panel data, has been undertaken. The results reached have revealed well that timely disclosure is on average some 155 days to be released highly exceeding regulatory ceiling limit, and only 21, 43% of companies have received "modified" audit opinion. Thus, our results have shown the persistence of substitution effects between control effectiveness as implemented by the directors' Board or by the ownership structure in a quest for a brighter external audit reputation, for the sake of ensuring prompt and reliable information.
Science Publishing Corporation
2015-06-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/4845
10.14419/ijaes.v3i2.4845
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 109-116
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/4845/1910
http://www.sciencepubco.com/index.php/IJAES/article/view/4845/17262
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5194
2015-11-27T06:28:50Z
IJAES:ART
Virtualization of information as the direction of development of accounting support systems. Empirical evidence from Poland
Bauer, Kinga
Baran, Michał
Accounting
Bookkeeping
Information Management
Information Science
Virtualization.
A significant trend observed recently in shaping the communication condition between economic entities, and the authorities is the growing virtualization of information circulation. The aim of this article is to examine the attitudes and expectations of specialists (employees of accounting offices) towards the process. Opinions of the specialists and accounting community members were collected as part of a survey, in which the respondents came from the southern Polish territory. This location was chosen due to a particularly high rate of change to the location, which in turn made the respondents more sensitive to the issue. 114 interviews had been collected, which were then subjected to statistical analysis. The outcome, in the most general terms, indicates a generally positive attitude of the respondents towards the occurring phenomenon.
Science Publishing Corporation
2015-09-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5194
10.14419/ijaes.v3i2.5194
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 128-134
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5194/1981
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5219
2015-11-27T06:28:50Z
IJAES:ART
Clients’ selection of auditors: evidence from the Athens stock exchange
Maggina, Anastasia
The auditing profession is at a crossroad worldwide. It currently faces many challenges especially in Greece where auditor rotation has been instituted as mandatory by EU regulation and the auditing profession is going to be fully liberalized (no limits o
The auditing profession is at a crossroad worldwide. It currently faces many challenges especially in Greece where auditor rotation has been instituted as mandatory by EU regulation and the auditing profession is going to be fully liberalized (no limits on audit fees) . Given the Greek environment, it is important to investigate how client companies select auditors. In this study we address three questions. First, can selection of auditors be forecasted? Second, which statistical technique better fits the data set? Third, are there differences in firms’ financial ratios as well as institutional factors that affect auditor choice? Clients’ selection of auditors is considered in a research context using discriminant analysis and logistic regression. The discriminating factors between the two groups of companies include some firm financial ratios and institutional factors: QATA(Quick Assets/Total Assets) when using one year data, and QATA(Quick Assets/Total Assets) and SHAREHOLD (level of shareholdings) when using two year data. Prediction accuracy is close to 60.0 percent using discriminant analysis and around 80.0 percent using logistic regression. The contribution of this study is that it discriminates between the two groups of companies (Big Four versus second-tier or local auditing firms) in an IFRS environment.
Science Publishing Corporation
2015-10-28
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5219
10.14419/ijaes.v3i2.5219
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 156-164
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5219/2030
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5258
2015-11-27T06:28:50Z
IJAES:ART
Earnings management to achieve positive earnings surprises in case of medium size companies listed in Poland
Wójtowicz, Piotr
Analysts Forecasts
Earnings Management
Earnings Surprise
Emerging Economy
Warsaw Stock Exchange.
Earnings management in Polish listed companies was the subject of only several studies, mainly theoretical, but none of them is related to earnings management to meet analysts’ expectations. The aim of the paper is to detect any signals of earnings management to achieve zero or small positive earnings surprises. The sample comprises 609 observations from years 2012-2014 related to medium size companies listed at Warsaw Stock Exchange. Distribution of scaled annual earnings surprise (difference between realized and forecasted earnings scaled by beginning total assets) is analyzed. It contains unusually high frequency of small positive surprises. If the module of earnings surprise is small it is more probable that the real value was higher than the forecast - meeting or beating the forecast, so small positive earnings surprises are more probable than negative. If the module of earnings surprise is high it is more probable that the forecast of income was higher than the real value - neither meeting nor beating the forecast. Results are not sensitive to the choice of earnings surprise metric.
Science Publishing Corporation
2015-10-06
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5258
10.14419/ijaes.v3i2.5258
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 141-147
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5258/2005
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5317
2015-11-27T06:28:50Z
IJAES:ART
Discrete choice models with response transformation : An application to beverage choice
Sapra, Sunil K
Box-Cox Transformation
Categorical Response Data
Logit Model
Generalized Linear Models
Link Functions.
The paper studies various response transformation models for discrete choice and categorical data. These response transformation models are fitted to binary response data on beverage choice. Several models are compared, and the best model is selected using AICs and deviances. The transformations include extensions of the widely used Box-Cox transformation to Normality for continuous data to categorical data. The econometric techniques employed in the paper are widely applicable to the analysis of count, binary response, and duration types of data encountered in business and economics.
Science Publishing Corporation
2015-09-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5317
10.14419/ijaes.v3i2.5317
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 135-140
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5317/1991
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5491
2015-11-28T10:58:13Z
IJAES:ART
Modified chain regression type estimator for population mean in the presence of non- response
Khare, Brij
Rehman, Habib
Population Mean
Study Variable
Coefficient of Variation
Non- Response.
A modified chain regression type estimator for population mean in the presence of non-response have been proposed replacing Hansen & Hurwitz (1946) estimator for population mean by Searls (1964) type improved estimator and using Hansen & Hurwitz (1946) estimator for based on available information comparing to the study character in the second phase sample. The expressions for MSE for fixed sample size  and also fixed cost  have been obtained. The empirical studies show that the proposed estimator is more efficient than the relevant estimators in the case of fixed sample size as well as for fixed cost.
Science Publishing Corporation
2015-11-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5491
10.14419/ijaes.v3i2.5491
International Journal of Accounting and Economics Studies; Vol. 3 No. 2 (2015); 165-168
2309-4508
10.14419/ijaes.v3i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5491/2064
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5509
2016-05-23T12:23:51Z
IJAES:ART
Quality of financial reporting: approaches to measuring
Renkas, Jurij
Goncharenko, Olena
Lukianets, Olena
Quality
Criteria of Quality
Financial Reporting
Financial Reporting Standards.
Financial reporting must meet many criteria to be considered high quality because it is the quality of information that determines the viability of future strategic decisions. The article investigates the essence of the concept of "quality" and "quality of financial infor-mation", and defines indicators and criteria of the financial reporting quality. As for the quality of the financial reporting, it is found that the latter is a structured reflection of financial condition and financial results of the entity, therefore, can be regarded as a set of components: quality of the financial information; quality of presentation of the financial information. It was found that the quality of the reporting of financial information is evaluated using a system of indicators that are qualified by the Financial reporting framework as the qualitative characteristics of useful financial information and National Accounting Statement (standard) 1 as the qualitative characteristics of financial reporting. In terms of formalization (presentation within the legislation forms) of the financial information presentation in Ukraine, we can speak of quality only in respect of the notes to the financial statements. It has been established that quality assessment indicators of presenting the financial information in the notes may be: readability of the information, visualization of the representation. Research of the quality requirements for the financial statements (information) of the participating countries of the former Soviet Union has identified many variations, but the most commonly used features are relevance, reliability, comparability and understandability. It is indicated that most post-Soviet countries, including Ukraine, gradually bring its legislation on the regulation of financial statements in conformity with IFRS. But there are still many unresolved differences, chief among which are the qualitative characteristics of the financial statements that should provide the information needs of different user groups.
Science Publishing Corporation
2015-12-04
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5509
10.14419/ijaes.v4i1.5509
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 1-5
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5509/2067
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5568
2016-05-23T12:23:51Z
IJAES:ART
Causes of tax evasion in Tunisia: a survey study
NEIFAR, Souhir
Tax Evasion
Ethics
Gender
Discipline.
The purpose of this paper is to examine the causes of tax evasion in Tunisia. The paper uses the survey methodology. We use a sample of 101 participants divided into three major groups: business students’ participants, medicine students’ participants and other students’ participants. The results show that medicine students’ participants are more opposed to tax evasion than the other participants (business and others). We find also that women are more opposed to such a behavior. While our research unprecedentedly deals with the motivations tax evasion in Tunisia, other researchers have examined this issue analyzing other contexts. The addition of other statements to this survey will enrich the list of causes of tax evasion; other economical and sociological variables will be taken into account. Our findings can be valuable to both researchers and Tunisian regulators. For researchers, this research helps to understand the motivations of tax evasion in the Tunisian context. As far as regulators are concerned, this research highlights the reduction of the tax rates as possible cure.Causes of tax evasion in Tunisia: a survey study
Science Publishing Corporation
2015-12-17
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5568
10.14419/ijaes.v4i1.5568
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 6-11
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5568/2078
Copyright (c) 2015 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5585
2016-05-23T12:23:51Z
IJAES:ART
The effect of the level of indebtedness on the earnings information content stemming from the mandatory IFRS adoption
Turki, Hela
Wali, Senda
Boujelbene, Younes
IFRS
Financial Analysts’ Forecasts
Level of Indebtedness.
This paper examines the impact of IFRS / IAS (International Financial Reporting Standards / International Accounting Standards) mandatory adoption on the earning's information content apprehended by the level of information asymmetry and whether this impact differs from one company to another with regard to its level of indebtedness. The information asymmetry is measured by the properties of financial analysts’ forecasts (error and dispersion).This study is conducted over 11 years from 2002 to 2012 by taking as a sample all the companies that belong to the CAC all tradable indexes. The results show a significant effect of these international's standards on financial analysts' forecasts, which stress informational content improvement. In addition, high level of indebtedness associated with IFRS adoption reduces forecast dispersion. By contrast, low level of indebtedness associated with IFRS adoption reduces forecast error.
Science Publishing Corporation
2016-01-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5585
10.14419/ijaes.v4i1.5585
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 12-20
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5585/2097
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5721
2016-05-23T12:23:51Z
IJAES:ART
The interaction between real and accrual-based earnings management: analysis based on the mandatory IFRS adoption
Sellami, Mouna
Accrual-Based Earnings Management
Real Earnings Management
IFRS Adoption.
The main purpose of this paper is to examine the relation between real and accrual-based earnings management after the mandatory IFRS adoption. I focus on a sample of 124 firms drawn from the 250 French-listed companies during the period from 1999 to 2011. Empirical results indicate that French firms use real activities manipulation and discretionary accruals as complementary tools to smooth earnings. Finally, unlike previous studies, I don’t find evidence of the sequential nature between the two earnings management strategies.
Science Publishing Corporation
2016-02-02
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5721
10.14419/ijaes.v4i1.5721
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 24-31
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5721/2114
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5746
2016-05-23T12:23:51Z
IJAES:ART
The effect of managerial overconfidence on investment
Dashtbayaz, Mahmoud Lari
Mohammadi, Shaban
Managerial Overconfidence
Investment
Portfolio Investment
Potential Investors.
Overconfidence or experience-based learning theory in behavioral finance is a subsidiary of confidence. One of the most detrimental behavioral biases in the field of behavioral finance is that investors will manifest as a lack of understanding of the risk of capital loss, the transaction or the transaction repeatedly to find a hot stock and widely traded futures and having a non-diversified portfolio, all serious risks for the enterprise you are looking for. One of the implications of each common biases of overconfidence, lack of foresight is real. Therefore, it is necessary to protect investors against overconfidence and financial advisors to help them in this regard. Overconfidence leads investors to predict their skills over estimate and find the belief that they cannot market timing. Detection and mitigation of confidence too, is a fundamental step in designing the foundations of a good financial plan. Too much trust in their own people, the strongest findings in the psychology of judgment. In this paper, the risks of overconfidence management and examine its impact on investor portfolios.The effect of managerial overconfidence on investment
Science Publishing Corporation
2016-01-31
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5746
10.14419/ijaes.v4i1.5746
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 21-23
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5746/2112
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5818
2016-05-23T12:23:51Z
IJAES:ART
The effect of managerial overconfidence on firm value: evidence from companies listed in Tehran stock exchange
Dashtbayaz, Mahmoud Lari
Mohammadi, Shaban
Managerial Overconfidence
Firm Value
Financial Leverage
Firm Size.
Overconfidence, one of the most modern concepts of behavioral finance, both in financial theory and psychology is important. The effects of overconfidence managers Company's procedures, including accounting policies, hence it is important that overconfidence can be inaccurate and inappropriate policies on investment decisions, finance or accounting result and costs heavy impose on companies. Article overconfidence effect on the value of the company's review. The company's value as a dependent variable using Q-Tobin measured. Overconfidence variable as well as the independent variable with studies based on measurement methods and their impact on the performance of 50 companies listed in Tehran Stock Exchange during 2011 to 2015 using regression analysis do. The results of this study showed that overconfidence on both methods have an impact on firm value.
Science Publishing Corporation
2016-02-26
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5818
10.14419/ijaes.v4i1.5818
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 32-35
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5818/2145
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5858
2016-05-23T12:23:52Z
IJAES:ART
Identification of information needs in intellectual capital: exploratory study on the Tunisian financial market
Ferchichi, Jihene
Paturel, Robert
Delphi Method
Financial Markets
Informational Needs
Intellectual Capital
Perception.
In an economy concretized by the broadening notion of the intellectual capital and its increasing role in investment decisions, it seems appropriate to conceive the intellectual capital by measuring its perception by 22 Tunisian financial professionals. Therefore, the aim of this work consists, firstly, to enable a better understanding of the intellectual capital of the Tunisian financial market. Secondly, by adopting the Delphi method, we determined the information needs and expectations' consensus in terms of intellectual capital. The results from this research show that the concept of intellectual capital appears well known by the financial actors Tunisians. Besides this research, revealed new aspects of intellectual capital. The Tunisian investors consider these dimensions as important criteria that support making their investment decision.Delphi Method; Financial Markets; Informational Needs; Intellectual Capital; Perception.
Science Publishing Corporation
2016-05-04
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5858
10.14419/ijaes.v4i1.5858
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 64-69
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5858/2233
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5899
2016-05-23T12:23:52Z
IJAES:ART
Impact of gold prices on stock exchange market: a case of Karachi stock exchange market of Pakistan
Khan, Muhammad Shaique
Aziz, Abdul
Herani, Gobind M.
KSE-100 Index
Gold Prices
Economic Development
Capital Investment.
The objective of the study is to examine the long-term relationship between gold prices and KSE-100 index of the Karachi stock market Pakistan. For the foreign and domestic capital investors, it is assumed that the gold is the safest heaven for making investment. On the other handstock markets are considered highly volatile. This study uses monthly data of two hundred forty eight months from October 1993 to May 2014. Time-series data of both variables Karachi Stock Exchange 100 index (KSE-100) and gold prices have been collected from the official website of Karachi stock market and Forex.com. To achieve the aims of the study, several econometric tests have been applied such as unit root test by using Augmented Dickey-Fuller test, Johnson Co-integration test and Vector Auto-regressive Model (VAR). This study finds that there is no long-run relationship between KSE 100 index and gold prices. It is concluded investors should not consider KSE 100 index and gold prices as close alternatives rather they should make their decisions on subjective knowledge by aligning them with empirical evidence. While making decisions about gold prices last month’s price must be taken into consideration because current gold price is significantly influenced by last month’s gold price. Whilst making decision regarding KSE 100 index last two months’ fluctuations taken into consideration.
Science Publishing Corporation
2016-04-23
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5899
10.14419/ijaes.v4i1.5899
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 60-63
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5899/2221
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5956
2016-05-23T12:23:51Z
IJAES:ART
Effect of fair value accounting on the company's reputation
Riahi, Olfa
Khoufi, Walid
Fair Value
Historical Cost
Value Relevance
Value Creation.
The purpose of this paper is to study in the French context the impact of the application of fair value on the shareholder value creation by comparing the information’s relevance of accounting indicators of French corporate groups in the industrial sector included in the CAC All-Tradable between pre-fair value period (2001-2003) and the post-fair value (2005-2007). Using the method of logistic regression permits us to demonstrate, firstly, that the variables of traditional character still retain their rank as key indicators determining stock return whatever the accounting principle relating thereto, and we noticed, on the other hand, that there is a marked improvement in information content of variables if and only they were submitted as understandable and uncomplicated under the model of fair value.
Science Publishing Corporation
2016-03-31
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5956
10.14419/ijaes.v4i1.5956
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 36-45
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5956/2192
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5969
2016-05-23T12:23:52Z
IJAES:ART
Study of thematic relation of accounting theses of the universities and higher education institutions in over five decades with an educational approach
shaghaghi, Firooz
Fasihi, Bahman
Threaded Connection
Thesis
Education
Accountant Education.
In this study, 1700 theses of master degree in five decades in accounting from 57 universities have been studied in terms of dispersion of thematic relation of these with accounting educational approach and have been reconciled in eight areas of financial, industrial, audit, state, tax, accounting information systems, educational and other various issues, and were analyzed based on thematic content analysis. The findings of study suggest that matters in terms of educational have been very limited and express reluctance of students to educational approach.
Science Publishing Corporation
2016-05-14
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5969
10.14419/ijaes.v4i1.5969
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 70-75
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5969/2247
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/5990
2016-05-23T12:23:51Z
IJAES:ART
Interest rate, liquidity and stock market performance in Ghana
Boachie, Micheal Kofi
Osei Mensah, Isaac
Opoku Frimpong, Albert
Ruzima, Martin
Liquidity
Stock Market Index
Exchange Rate
Inflation
Interest Rate
Ghana
In this study, we examined the effect of interest rate and liquidity growth on stock market performance in Ghana using monthly data from the Ghana Stock Exchange and Bank of Ghana for the period 2010:12 to 2013:11. After employing robust linear regression (M-Estimation), there is a compelling evidence that performance of the Ghanaian stock market is highly influenced by liquidity growth, exchange rate and inflation; and that interest rate effect is insignificant though positive on the stock market index for the period under study.
Science Publishing Corporation
2016-04-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/5990
10.14419/ijaes.v4i1.5990
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 46-51
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/5990/2211
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6007
2016-05-23T12:23:52Z
IJAES:ART
Determinants of intellectual capital disclosure in initial public offerings: case of Canadian firms
Ghorbel, Hanen
Elleuch, Hela
Intellectual Capital
Disclosure
IPO
Managerial Ownership
Prospectus.
The purpose of this paper is to investigate the determinants of intellectual capital information’s of firms that went through IPO.              Our sample includes 43 firms that IPOs listed in the Toronto Stock Exchange in 2012 of which the prospectuses for the initial public offering are available. Our study, unlike other studies focuses on the issuing prospectuses. The paper applied a disclosure index comprising of 78 items (Bukh and al (2005)) to quantify the amount of information regarding intellectual capital included in the IPO prospectuses of canadian firms. Multiple regression model and Correlation is used. The results revealed that the managerial ownership, the presence of an audit committee and industry are significantly associated with the voluntary disclosure of information about the intellectual capital in prospectuses. While firm size, age, the audit committee’ activity and audit quality do not affect disclosure. The results are interpreted in the light of the increasing importance of disclosing information on intellectual capital to the capital market a in case of IPO and constitute a contribution to the ongoing debate on corporate reporting practices.
Science Publishing Corporation
2016-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document
http://www.sciencepubco.com/index.php/IJAES/article/view/6007
10.14419/ijaes.v4i1.6007
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 52-59
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6007/2227
http://www.sciencepubco.com/index.php/IJAES/article/view/6007/17300
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6121
2016-11-26T10:14:10Z
IJAES:ART
The effect of the mandatory adoption of IAS/IFRS on earnings management: Empirical evidence from South Africa
Mnif Sellami, Yosra
Slimi, Imen
IFRS
Earnings Management
Corporate Governance
South Africa.
This research investigates the effect of mandatory transition of South African companies to IFRS on earnings management, essential attribute of accounting quality. Specifically, the study examines whether the mandatory adoption of IFRS is associated with reduction of earnings management and therefore, an improvement of accounting quality. In addition, the paper focuses on the effect of corporate governance factors on earnings management.Earnings management is assessed by the magnitude of discretionary accruals and accruals quality. The paper compares earnings management in the pre-mandatory IFRS adoption period; 2002-2004 and the post IFRS adoption period; 2010-2012. This study focuses on a sample of 276 firm-year observations, 46 firms drawn from the 413 South African listed companies. A regression model was applied to examine the relation between mandatory adoption of IFRS, corporate governance mechanisms and discretionary accruals controlling for other some factors explaining earnings management.Our findings show that mandatory adoption of IFRS by South African companies is associated with lower earnings management. This result suggests that mandatory transition to IFRS contribute to an improvement in the quality of accounting information. Furthermore, results show that the percentage of independent outside directors, the separation of roles of CEO and Chairman of the board and company size have significant influence on reducing discretionary accruals.
Science Publishing Corporation
2016-06-22
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6121
10.14419/ijaes.v4i2.6121
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 87-95
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6121/2301
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6146
2016-05-25T11:54:44Z
IJAES:ART
Estimating the probability of forecasted events
Madera, Alexander
Events
Eigenvector
Eigenvalue
Forecast
Probability.
The article elaborates a method for estimating the probabilities of occurrence of prognosticated events in future. On the basis of the data from the previous periods about prognosticating the relevant events, as well as the data about the trends observed at present, two matrices are formed, the product of which is the matrix for the prognosis errors committed by the individual or the expert. The article shows that the vector for probabilities of the prognosticated events is the eigenvector of the prognosis error matrix, which corresponds to its single eigenvalue. Application of the elaborated method is shown on the definite example for forecasting demand of new products.
Science Publishing Corporation
2016-05-23
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6146
10.14419/ijaes.v4i1.6146
International Journal of Accounting and Economics Studies; Vol. 4 No. 1 (2016); 76-80
2309-4508
10.14419/ijaes.v4i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6146/2259
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6150
2016-11-26T10:14:10Z
IJAES:ART
Impact of government size and corruption on economic growth
Baklouti, Nedra
Boujelbene, Younes
Corruption
Government Size
Economic Growth
MENA Countries.
This paper examines the role of government in economic growth by extending the neoclassical production-function by incorporating two dimensions of government such as, the size and quality. The size is measured by general government final consumption expenditures. The quality of governance is measured by the index of perception of corruption which is being tested in 12 countries in the MENA region in the period between 1998 and 2011. Our empirical results indicate that when the public sector is "too big", economic growth is negatively affected and that the relationship between corruption and economic growth is significantly negative with the bad effects of this phenomenon that include a loss of revenue for the state in the benefit of the individual, the increased costs related to the conduct of the affairs of the state, an inefficient use of public spending and stifling economic growth in the region. We argued then, that investments in the capacity which strengthened governance are a priority for improving the growth of the countries examined.
Science Publishing Corporation
2016-06-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6150
10.14419/ijaes.v4i2.6150
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 81-86
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6150/2290
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6200
2016-11-26T10:14:10Z
IJAES:ART
Equity market volatility using garch models- evidence from Pakistan stock exchange (kse-100 index)
Asif, Muhammad
Aziz, Abdul
Stock Market
Volatility
GARCH
EGARCH
TARCH
PSX
Pakistan.
Purpose – The purpose of this paper is to investigate the cluster volatility of return distribution in the Pakistan Stock exchange (PSX) formerly named Karachi stock exchange (KSE-100 Index). GARCH model for characterizing financial market volatility is discussed.Design/methodology/approach –This study used daily time series of the market index PSX (KSE-100) data over the period from January 1st, 2008 to December 31st, 2015, 1983 observations have been collected from KSE website.ARCH family models have been used, such as GARCH, EGARCH, PGARCH and TARCH models, to estimate cluster volatility. SIC, AIC, and Log likelihood have been used to select the appropriate model.Findings – GARCH 1,1 model is found the most appropriate model among ARCH family models. The outcome of this study indicates that the Pakistan Stock Exchange is weak-form efficient and explains cluster volatility and leptokurtic distribution.Research limitations/implications – Re-composing of Karachi stock exchange 100 index.Practical implications – Stock market returns' behavior changes according to daily basis available information, which is helpful for the investors to maximize their portfolio's return and managing the risk.Originality/value – Karachi stock market (KSE-100 Index) volatility from 2011 to 2015.
Science Publishing Corporation
2016-06-26
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6200
10.14419/ijaes.v4i2.6200
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 96-101
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6200/2305
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6249
2016-11-26T10:14:10Z
IJAES:ART
The effects of tax structure on economic growth: evidence from Pakistan economies
khan, Mahfooz
Ul amin, Saif
Khan, Sammandar
Taxes
Fiscal Policy
GDP
Economic Growth
Pakistan.
The study has been conducted to find out the effects of fiscal policy on economic growth in Pakistan. Taxes are selected as a proxy for fiscal policy and GDP as an economic growth. In this study the time series analysis was used. The study used difference tests and models. These tests were unit root test which at different levels was used for stationary and non-stationary another model was co-integration the co-integration further used two tests one was trace test and second one was maximum Eigen value these tests used for long run relationships between taxes and GDP. In this study Granger causality test lag 2 and lag 4 also for checking the effects of taxes on Pakistan GDP. The objectives of the study are to find out the relationship between taxes and GDP and also to testify the random walk between taxes and GDP. The data were taken from 1981 to 2012. Taxes dealt as an independent and GDP as a dependent variable of the study. Data were collected from Federal Bureau of Statistics and from Pakistan economic survey. Time series analysis is used to testify the hypotheses. The results of Unit Root test shows that GDP and taxes has a unit root and it is non- stationary. GDP has no unit root and stationary in nature at 1st difference level. The results of co-integration shows that both taxes and GDP no co-integration at 5 % level of significance. The study concludes that there is no Co-integration between taxes and GDP. The study recommended that fiscal policy should make according to the situation of the country and the tax rate should be change with a smooth rate.
Science Publishing Corporation
2016-07-05
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document
application/vnd.openxmlformats-officedocument.wordprocessingml.document
http://www.sciencepubco.com/index.php/IJAES/article/view/6249
10.14419/ijaes.v4i2.6249
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 109-113
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6249/2317
http://www.sciencepubco.com/index.php/IJAES/article/view/6249/17312
http://www.sciencepubco.com/index.php/IJAES/article/view/6249/17313
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6287
2016-11-26T10:14:10Z
IJAES:ART
The mediating role of human capital on the relationship between audit firm size and independent auditor’s opinion: evidence from Iranian audit firms
Naslmosavi, Seyedhossein
Jahanzeb, Agha
Human Capital
Work Experience
Independent Auditors’ Opinion
Firm Size.
This empirical research is aimed to explore the effect of Human Capital (HC) as a mediator in the association of the size of an audit firm and independent auditor’s opinion (IAO). The respondents of this research were senior practicing auditors of audit firms with verse experience. The research has applied ANCOVA and path analysis method in SEM by utilizing LISREL to examine research questions. The results of this study revealed that HC was significantly associated to independent auditor’s opinion and it can significantly create a relationship between audit firm size and IAO and their qualities. Indeed, the link of audit firm size on IAO without HC was found to be insignificant. Furthermore, it contributed to understand that the HC of large audit firm is greater than other audit firms and the audit reports of these kinds of firms possess good quality because of positive association amid firm size and quality of auditors.
Science Publishing Corporation
2016-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6287
10.14419/ijaes.v4i2.6287
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 102-108
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6287/2309
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6327
2016-11-26T10:14:10Z
IJAES:ART
Review and ranking the private insurance companies in Iran based on TOPSIS model
Asadi, Leila
Esmaeilzadeh Moghri, Ali
Ranking
Insurance
Financial and Non-Financial Indicators
TOPSIS
Performance Evaluation Indexes.
Insurance companies are the most important economic institutions in each country and they support other economic entities. Their proper performance play an important role in the booming the economy. Insurance companies to achieve effective and strong performance should be familiar with performance of competitors and themselves and according to their information take necessary measures. For this purpose, the current study aims to rank the private insurance companies. In this regard, financial and non-financial indicators as well as performance index for 17 private insurance companies are extracted over 4 years (2011 to 2014) based on their financial statements. The weight of each index was determined using the Shannon entropy. Then, insurance companies were ranked using TOPSIS. The results showed that based on financial indicators, Arman insurance company in 2011 and 2012 had the optimal performance from the standpoint of the criteria (1st). In the years, 2013 and 2014 Kosar insurance Company and Mihan insurance companies were at the 1st place. In addition, Alborz insurance Company had a good performance in terms of performance indexes in 2011 and 2013, (1st). In the years 2012 and 2014, Parsian and Pasargad Insurance Companies ranked 1st. Based on non-financial indicators, Asia insurance company in the period under review (2011 to 2014) ranked in the first place.
Science Publishing Corporation
2016-08-17
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6327
10.14419/ijaes.v4i2.6327
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 120-125
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6327/2358
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6376
2016-11-26T10:14:11Z
IJAES:ART
Families of estimators for ratio and product of study characters using mean and proportion of auxiliary character in presence of non-response
Sinha, Raghaw
Ratio and Product
Auxiliary Variable
Bias
MSE
Efficiency.
In this paper, families of estimators for ratio and product of two population means are suggested using proportion and mean of auxiliary character in presence of non-response. The bias and mean square error (MSE) of the proposed families of estimators are obtained up to the first degree of approximation under two different cases. The specified conditions under which the members of proposed families of estimators attain minimum mean square error have been obtained. Theoretical and empirical comparisons based on real data sets are made to show that the suggested families of estimators are more efficient than the relevant estimators such as usual conventional estimator, (Khare & Sinha 2012 a) estimators and (Sinha 2014) estimators.
Science Publishing Corporation
2016-09-06
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6376
10.14419/ijaes.v4i2.6376
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 142-147
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6376/2396
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6378
2016-11-26T10:14:10Z
IJAES:ART
Comparative analysis of energy consumption, CO2 emissions and economic growth: evidence for OECD selected countries
Gmidene, Samia
zaidi, saida
Zouari Ghorbel, Sonia
Renewable Energy
Nuclear Energy
Economic Growth
CO2 Emissions
Granger Causality Test.
The main purpose of this study is to investigate the causal relationship among renewable energy, nuclear energy consumption, economic growth, and CO2 emissions for selected OECD countries over the period 1980 to 2013. All variables are found to be cointgrated.Results of Granger causality show long-run relationship from GDP, renewable energy consumption and nuclear energy consumption to CO2 emissions, from CO2 emissions, GDP, to renewable energy consumption, from emissions, GDP to renewable energy, and from CO2 emissions GDP and nuclear energy consumption.In short run, results show that there exists bidirectional causality between GDP and CO2 emissions, and unidirectional causality running from renewable energy consumption to GDP. Also unidirectional causality running from renewable energy consumption to CO2 emissions without feedback but no causality running from nuclear energy consumption to CO2 emissions was found. This evidence suggests that renewable energy can help to mitigate CO2 emissions, but so far, nuclear energy consumption has not reached a level where it can CO2 emissions.
Science Publishing Corporation
2016-08-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6378
10.14419/ijaes.v4i2.6378
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 114-119
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6378/2350
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6470
2016-11-26T10:14:11Z
IJAES:ART
The relationship between managerial overconfidence with basic metals firms value
Dashtbayaz, Mahmoud Lari
Mohammadi, Shaban
Managerial Overconfidence
Firm Value
Financial Leverage
Firm Size.
The purpose of the present study is to investigate the relationship between Managerial overconfidence and Basic metals firm value of the listed companies on the Tehran Stock Exchange (TSE).The population includes 25 firms selected through systematic sampling. The data is collected from the audited financial statements of the firms provided by TSE’s website from 2010 to 2015. In this study the variables, Overconfidence based on earning per share (OEPS), Overconfidence based on capital cost (OCC) has been used to investigate Managerial overconfidence. The results of multiple linear regression analysis show that there is a significant relationship between Overconfidence based on earning per share (OEPS) and firm value. In addition, there is a significant relationship between Overconfidence based on capital cost (OCC) and firm value. The present research examined the relationship between Managerial overconfidence and Basic metals firm’s value of the Basic metals firms listed in Tehran Stock Exchange. The results of multivariate regression accepted two the hypotheses of the research. There is a significant relationship between Managerial overconfidence and Basic metals firm value.
Science Publishing Corporation
2016-08-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6470
10.14419/ijaes.v4i2.6470
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 126-128
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6470/2362
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6481
2016-11-26T10:14:11Z
IJAES:ART
The cognitive contribution within the Tunisian venture capital funded firms
Dziri, Houda
Jarboui, Anis
Cognitive Resources
Ownership Structure
Syndication
Tunisian Companies
Venture Capital’s Shares Held.
The present research work’s major objective lies in investigating the scope of the venture capitalist’ cognitive contribution following their financial participation in the company's capital. Conducted on a sample of 70 Tunisian venture capital funded firms, operating up the year 2015, the survey reached findings have proved to reveal well the significant impact this financial intermediation mode appears to have on kindling cognitive resources, in its association with the contractor. Noteworthy, however, is that the cognitive contribution has been discovered to be constrained, in turn, by the venture capital organization’s proper ownership structure.
Science Publishing Corporation
2016-08-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6481
10.14419/ijaes.v4i2.6481
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 129-135
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6481/2384
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6500
2017-05-11T07:07:30Z
IJAES:ART
Pakistan’s devolved family planning services : poor governance may be the main issue
Rehman, Seema
Ahmed, Faiza
Fertility
Autonomy
Mortality
Reluctance
Advocacy.
Regardless of the declining rates of fertility in the late twentieth century, the population growth rate in Pakistan is the highest in the region and only surpassed by sub-Saharan Africa across the globe. The main reasons are access for poor women in villages due to shortage of outlets and outreach programs and poor service provision due to lack of equipment, inefficiency to retain staff and overload of other responsibilities like polio campaign. A fear of side effects, health concerns, low female literacy rate, weak women autonomy and high mortality rates are important deterrents from usage of family planning services. Researchers have summed up the difficulties of Pakistan in this matter as, “a reluctance or inability to translate reproductive preferences into appropriate behaviour.†The government and ministries mutual cooperation in articulating policies helps in role clarification with respect to population planning. Advocacy at the district, provincial and federal levels is required counselled by medical research along with social objectives by liaising with states with experience of tackling the same issue to analyze performances based on accomplishment of specific FP indicators.
Science Publishing Corporation
2017-04-19
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6500
10.14419/ijaes.v5i1.6500
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 51-54
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6500/2682
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6501
2017-05-11T07:07:30Z
IJAES:ART
Why bond market couldn’t thrive in Pakistan
Rehman, Seema
Khilji, Jameel Ahmed
Bond
Coupon Rate
Fib’s
Tfc’s
Kibor.
Fixed income market has recently emerged in Pakistan. Onward 1990, prolusion of government securities paved a way for corporates to come forward with their debt papers and long term yield curve came in to existence by introducing FIB’s in 1992 followed by issuance of first Term Finance Certificates (TFC) in 1995. The TFCs’ coupon rate exhibits a wide range of different fixed and floating coupons related to numerous interest rates containing the discount rate, the Karachi Inter-bank Offer Rate (KIBOR) and Pakistan Investment Bond (PIB) rates. The SBP launched electronic trading platform for fixed income securities on 11th January, 2010 with the intention of improving the functioning and profundity of primary and secondary markets of sovereign bonds. The data available reveals that through this platform, the cumulative trading of sovereign securities touched 66% of the overall trading volume till the end of 2010 relative to 58.0% in January, 2010. In its initial stage, the E-bond platform provided the complete trading of sovereign bonds like T-bills, PIBs and Ijarah Sukuk. The other type of fixed income securities like repo, FRAs and swaps facilitated in subsequent phases.
Science Publishing Corporation
2017-02-22
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6501
10.14419/ijaes.v5i1.6501
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 33-35
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6501/2608
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6505
2017-05-11T07:07:30Z
IJAES:ART
The relationship between education and income inequality (the case of Pakistan)
Rehman, Seema
Rashidi, Muhammad Zaki
Income Inequality
Gini Coefficient
Tertiary.
The Income Inequality refers to the unequal distribution of family or individual wealth among the inhabitants of a particular economy. It is often determined by the percentage of income to a percentage of population. Like 50% of Pakistan’s income is controlled by the highest 20% population. It is generally thought of as “unjust," if the major share of a country’s income goes to the rich. Many researches have been done to find the level of Income Inequality in Pakistan, but these researches are not comparable because of differences in techniques, selection of welfare determinant, choice of data (individual or family incomes) and difference in indices for inequality measurement. It is also observed that two studies give contradictory results for the same period. This research tries to fill the gap by measuringthe impact of education on unequal distribution of income in Pakistan. The study uses Gini Coefficient method to measure Income Inequality in Pakistan by taking data available at the websites of PSLM (Pakistan Social and Living Standards Measurement Survey), HIES (Household Income and Expenditure Survey) and MDG’s (Pakistan Millennium Development Goals).This This paper tries to determine the effects of various components of education on Income Inequality. Progress in education is judged by assessing three indicators: Primary Enrolment Rate, Completion Rate (grades 1-5) and Adult Literacy Rate. In this research, we define Adult Literacy Rate as Tertiary Rate as it includes population of ages 15 years and older. The pooled cross sectionaldata considered in this study is for the periods 2004/05, 2007/08 and 2010/11 The results of regression are as expected, which shows an unambiguously negative association between Primary Enrolment Rate andIncome inequality, however, as concluded by Barro (1996), it is validated that inequality increases with higher education. Therefore, an increase in schooling helps distributes income justifiably.
Science Publishing Corporation
2017-04-19
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6505
10.14419/ijaes.v5i1.6505
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 55-62
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6505/2683
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6526
2016-11-26T10:14:11Z
IJAES:ART
Demand for measles and yellow fever vaccines for children in Ghana: are socio-economic, demographic and Geographic factors relevant?
Immurana, Mustapha
Urma, Arabi
Demand for Health
Child Health
Immunisation
Measles Vaccine
Yellow Fever Vaccine
Ghana.
One of the best ways of Preventing Measles and Yellow fever which are dangerous killers of children is through vaccination. Therefore given the absence of research to the best of our knowledge on the factors that affect demand for Measles and Yellow fever vaccines among children in Ghana, this study investigated the socio-economic, demographic and geographic factors that affect the demand for Measles and Yellow fever vaccines among children in Ghana. By using data from the 2014 Ghana Demographic and Health Survey and the binary probit model, the study among other findings revealed that, Children in the Western region were less likely to have received both the Measles 1 and Yellow fever vaccines. Also urban children and children with unemployed mothers were found to be less likely to have received the Measles 1, Measles 2 and Yellow fever vaccines relative to rural children and children with employed mothers respectively. Also Traditional/Spiritualist/No religion faith children were found to be less likely to have received the Yellow fever vaccine. Further, uneducated mothers, mothers without health insurance and non-wealthy households were found to be less likely to demand the Measles 2 vaccine for their children. This study therefore concludes that Socio-Economic, Demographic and Geographic Factors are relevant determinants of demand for measles and yellow fever vaccines among children in Ghana.
Science Publishing Corporation
2016-08-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6526
10.14419/ijaes.v4i2.6526
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 136-141
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6526/2387
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6558
2017-05-11T07:07:30Z
IJAES:ART
Effect of the legal system country of European commercial banks on the financial distress
Baklouti, Nizar
Gautier, Frédéric
Aubert, François
Corporate Governance
Financial Distress
Bank
Board
Investor Protection.
This study examines the effect of the legal system on the governance of banks and hence on financial distress. We compare corporate governance to the legal system in 18 countries of the European Union to explain the relationship between financial distress and bank governance. Using a sample of 147 commercial banks, we find that the effect of the legal system really counts. The results also suggest that banks operating in common law and civil law countries tend the concentration of ownership and board size to the effect of increasing the likelihood of financial distress. This study contributes to research in the governance of enterprise to provide empirical evidence that the legal system has the power to influence the financial health of banks.
Science Publishing Corporation
2017-02-28
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6558
10.14419/ijaes.v5i1.6558
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 40-45
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6558/2622
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6609
2016-11-26T10:14:11Z
IJAES:ART
Co-integration analysis between stock prices & exchange rates: Evidence from Pakistan
Rafiq, Asim
Hasan, Shabib
Stock Prices
Exchange Rate
Co-Integration
KSE100 Index
Co-Movement.
Objective: The objective of the study is to investigate the relationship between stock prices represent by (KSE100 index) and Exchange rates in case of Pakistani economy. Methodology: Quarterly data from 1993 to 2010 has been used for the study & co-integration technique applied to examine the relationship between KSE 100 index & Pakistani currency in terms of rupees per dollar. Findings: The results suggest that the residual from the OLS regression are non-stationary at level using critical values suggest by Davidson and MacKinnon (1993) so there is no co-integrated relationship found between stock prices & exchange rates. Conclusion: study can be concluded with the view that there is no long term relationship between stock prices & exchange rates.
Science Publishing Corporation
2016-09-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6609
10.14419/ijaes.v4i2.6609
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 148-151
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6609/2425
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6706
2016-11-26T10:14:11Z
IJAES:ART
Organizational culture, law enforcement, and Indonesian tax revenue
Adi Prawira, Ida Farida
Organizational Culture
Implementation of Law Enforcement
and Increase of Tax Revenue.
The aim of this research is to provide empirical evidence from an examination asserting that the organizational culture influences the implementation of law enforcement and its impacts on increasing tax revenue. This study arose considering some conditions of unsatisfactory organizational culture resulting in ineffective implementation of law enforcement, and authority-misusing law enforcer. The methodology of the research is explanatory through survey approach and statistical process using SEM PLS, in order to ascertain the facts about above mentioned phenomena and acquire actual and systematic information regarding the organizational culture and the increase of tax revenue. The results of the research indicate that the increase of tax revenue was not optimum as a result of insufficient implementation of law enforcement. This condition was possibly caused by low rate of organizational culture. It is therefore concidered necessary to develop values that motivate employees to be more innovative and confident in making decision in line with prevailing regulations. DJP needs to develop prudent attitude, particularly related to employee’s attention on detail. This attitude is significant to develop attentive behavior in order to gain people’s trust.
Science Publishing Corporation
2016-10-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6706
10.14419/ijaes.v4i2.6706
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 152-156
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6706/2448
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6762
2016-11-26T10:14:11Z
IJAES:ART
Impact of the characteristics of CEO's overconfidence on the determination of incentive compensation
Lenda, Hanen
BOURI, Abdelfettah
Overconfidence CEO
CEO's Age
CEO's Experience
Incentive Compensation.
The aim of this article is to examine the impact of the characteristics of overconfident CEO's on determining incentive compensation. The sample consists of 100 US non-financial companies in the S&P 500. The model estimation results, during the period from 2000 to 2010, showed that overconfident executives have a significant negative impact on his incentive compensation. Furthermore, the results of multiple linear regression showed that experienced, and older CEO has a significant and positive impact on the level of incentive compensation.
Science Publishing Corporation
2016-11-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6762
10.14419/ijaes.v4i2.6762
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 157-167
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6762/2477
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6821
2017-05-11T07:07:30Z
IJAES:ART
The impact of IFRS-based accounting standards on earnings management: evidence from Malaysia
Fourati, Yosra Makni
Ghorbel, Rania Chakroun
International Financial Reporting Standards (IFRS)
Earnings Management
Malaysia.
This study aims to examine the consequences of International Financial Reporting Standards (IFRS) convergence in an emerging market. More specifically, we investigate whether the adoption of the new set of accounting standards in Malaysia is associated with lower earnings management. Using a sample of 3,340 firm-year observations across three reporting periods with different levels of IFRS adoption, we provide evidence that IFRS convergence improves earning quality. In particular, we find a significant decrease in the absolute value of discretionary acccruals in the partial IFRS-convergence period (2007-2011), whereas this effect is restrictive after the complete IFRS- implementation.
Science Publishing Corporation
2016-12-19
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6821
10.14419/ijaes.v5i1.6821
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 1-6
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6821/2527
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6839
2016-11-27T02:50:58Z
IJAES:ART
Effect of the legal system country of European commercial banks on the financial distress
Baklouti, Nizar
Gautier, Frédéric
Aubert, François
Corporate Governance
Financial Distress
Bank
Board
Investor Protection.
This study examines the effect of the legal system on the governance of banks and hence on financial distress. We compare corporate governance to the legal system in 18 countries of the European Union to explain the relationship between financial distress and bank governance. Using a sample of 147 commercial banks, we find that the effect of the legal system really counts. The results also suggest that banks operating in common law and civil law countries tend the concentration of ownership and board size to the effect of increasing the likelihood of financial distress. This study contributes to research in the governance of enterprise to provide empirical evidence that the legal system has the power to influence the financial health of banks.
Science Publishing Corporation
2016-11-26
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6839
10.14419/ijaes.v4i2.6839
International Journal of Accounting and Economics Studies; Vol. 4 No. 2 (2016); 168-173
2309-4508
10.14419/ijaes.v4i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6839/2494
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/6995
2017-05-11T07:07:30Z
IJAES:ART
Auditor skills, traits and knowledge evidence from Tunisia
Thabet, Imen
Business Risk Assessment
Cognitive Skills
External Audit
Technical Skills.
Several researches have sought an understanding of personal and psychological characteristics contributing to auditor expertise in decision making. The motivation for this study is issued from the need to improve understanding of auditor skills and characteristics in the step of the expression of professional judgment.This paper aims to looking for and to understand auditors’ skills, traits and knowledge contributing to business risk assessment ability. A survey questionnaire is used as a stimulus to gather data from practicing auditors listed on the Roll of the Tunisian Chartered Ac-countants Order (in 2012). Firstly, survey participants are asked to cite skills and abilities that they consider as important in the step of risk assessment and next to rate the importance of 20 skills using the Likert-type scale.The results reveal two groups of skills, traits and knowledge which are classified as the most important. The first group gathers three technical skills: Subspecialty Knowledge, Academic Training and World Knowledge. The second group clusters four cognitive skills: Ability to know what is relevant, Decision making ability, Problem solving ability and Assuming responsibility.This study may be a benchmark for future researches which attempt to increase the understanding of the composition of skills, traits and knowledge associated with technical, behavioral and cognitive attributes which are necessary to assess auditee business risk.
Science Publishing Corporation
2016-12-23
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/6995
10.14419/ijaes.v5i1.6995
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 7-15
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/6995/2531
Copyright (c) 2016 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7018
2017-05-11T07:07:30Z
IJAES:ART
Development expenditure, fiscal consolidation and public revenue in India
Venkataraman, Subramanya
Urmi, Arabi
ARDL
Development Expenditure
Fiscal Consolidation
Public Revenue
India.
Following challenges with increasing fiscal deficit, the Government of India adopted the path of fiscal consolidation with the sole intention of reducing fiscal and other deficits. However, in the drive to reduce government expenditure, it is necessary to be cautious of how it affects expenditures such as development expenditure that are very essential to the well-being of people. This study therefore investigated how fiscal consolidation and Public revenue affect development expenditure in India using time series data from 1977-2015 and the ARDL model. The study found that, in both the short run and long run, public revenue had a positive significant impact on development expenditure whiles fiscal consolidation had a negative significant impact on development expenditure. The study therefore recommended that in our attempt to attain fiscal consolidation, care must be taken not to abandon development expenditure which has serious effects on the well-being of people.
Science Publishing Corporation
2017-01-13
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7018
10.14419/ijaes.v5i1.7018
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 16-18
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7018/2554
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7040
2017-05-11T07:07:30Z
IJAES:ART
The impact of taxation on economic growth in India : A disaggregated approach using the ARDL bounds test to co-integration
Venkataraman, Subramanya
Urmi, Arabi
ARDL
Economic Growth
India
Taxation.
Most Governments in the world are striving to attain long term growth and economic development with taxation as one of the major tools. However, it is necessary to know which components of tax are to be targeted in order to attain economic growth. This study therefore disaggregated the various components of direct and indirect taxes and investigated their effects on Economic Growth in India using time series data from 1977-2015 and the ARDL Bounds test approach to co-integration. The study found that in the long run, among the components of direct taxes, personal income tax had no impact on economic growth whiles corporate income tax had a positive statistically significant impact on economic growth. Further on the indirect taxes, the study found that in the long run, whiles excise duty had no statistically significant impact on economic growth, customs duty had a positive statistically significant impact. The study therefore concluded that policy makers must be circumspect in targeting which tax components to be used as tools in influencing long term economic growth and economic development.
Science Publishing Corporation
2017-01-13
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7040
10.14419/ijaes.v5i1.7040
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 19-21
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7040/2555
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7122
2017-05-11T07:07:30Z
IJAES:ART
Effect of migration on employment (A case study of district Hangu, Pakistan)
Arafat, Muhammad
Migration & Employment Opportunities.
When a person leave his/her home place and migrate to other place, he/she may call emigrant. This paper deals with effect of migration on employment. The study was carried out to investigate the pre and post occupation of emigrants. Primary data was conducted from two villages of district Hangu, namely Shnawari and Darband through questionnaire and descriptive statistic was used to achieve the objectives. It is concluded that emigration has significant effect on employment opportunity, before emigration 45.58% people were jobless and the figure dropdown to 1.36% after migration. Most of them are drivers and majority of emigrants have qualified up to matric. They have skill but lack of technical training and the remittance they send have a significant impact on household income.
Science Publishing Corporation
2017-01-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document
http://www.sciencepubco.com/index.php/IJAES/article/view/7122
10.14419/ijaes.v5i1.7122
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 22-25
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7122/2562
http://www.sciencepubco.com/index.php/IJAES/article/view/7122/17363
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7195
2017-05-11T07:07:30Z
IJAES:ART
The tandem of "capital-work" as the basis for labour economics
Renkas, Jurij
Labour Economics
Capital
Fair Remuneration
Economic Constant
Salary Ranges.
From a fundamental accounting principle of duality follows that capital is an abstract category, defined as the ability to perform work. The study abstract nature of capital reveals important features, in particular, that capital is undergo spontaneous scattering. Developing a model of measuring human capital and consideration of the spontaneous dispersion of capital led to the conclusion that the fair remuneration must balance the natural dissipation of human capital. Research shows that remuneration is determined by the percentage of capital. This percentage is the size of random, whose average value is 8% per annum [1/year]. Analysis of the level of remuneration shows that human capital is preserved and there is its depreciation. This average is also the economic constant of potential growth. Issues of capital measurement and fair remuneration are part of the emerging labour economics.
Science Publishing Corporation
2017-02-03
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7195
10.14419/ijaes.v5i1.7195
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 26-32
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7195/2580
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7274
2017-05-11T07:07:30Z
IJAES:ART
Forest accounting: A theoretical perspec-tive
Patil, Parashram
Forest Accounting
Forest Valuation
Finance
Biodiversity
Economics.
It is necessary to make theoretical analysis of various aspects of forest accounting in order to make further improvement in it. The main objective of the study is to make glance of forest accounting physical and monetary terms. The specific objectives of the study are as follows; 1. To make review of literature of forest accounting in context of past studies and forest accounting concepts. 2. To make glance on various parameters of forest accounting. 3. To make glance on forest accounting concepts. 4. To suggest improvements in forest accounting system. Present study concludes that there is no proper forest accounting system still has not been developed as well as comprehensive forest valuation method is lacking. And absence of forest accounting made impact on biodiversity and economy.
Science Publishing Corporation
2017-02-25
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7274
10.14419/ijaes.v5i1.7274
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 36-39
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7274/2611
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7344
2017-05-11T07:07:30Z
IJAES:ART
The effect of global financial crisis on the perfor-mance of Nigerian stock exchange
Ijeoma, Ngozi
Financial Crisis
Listed Companies
Market Capitalization
Shares
Stock Exchange.
This study assessed the effect of the Global Financial Crisis on the Nigerian Stock market from 2004 to 2013. The objectives of the study include to ascertain the effects of the Global Financial Crisis on the market capitalization of the Nigerian Stock Exchange, to examine the effects of the Global Financial Crisis on the volume and value of shares traded on the floor of the Nigerian Stock Exchange, and to determine the effects of the Global Financial Crisis on the number of listed companies on the Nigerian Stock Exchange. Secondary source of data collection from the Nigerian Stock Exchange was employed. The statistical tools used in this study is the Kruskal-Wallis test. The result of the analysis found that global financial crisis has no significant effect on market capitalization in the Nigerian Stock Exchange. It was equally found that global financial crisis has no significant effect upon the value of shares traded on the floor of the Nigerian Stock Exchange. Findings of the study revealed that there exist no significant relationship between the Global Financial Crisis, and the volume of shares traded on the floor of the Nigerian Stock Exchange. In addition, it was found that there exist no significant relationship between the Global Financial Crisis and number of listed companies in the Nigerian Stock Exchange.
Science Publishing Corporation
2017-03-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7344
10.14419/ijaes.v5i1.7344
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 46-50
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7344/2644
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7538
2017-05-13T05:57:10Z
IJAES:ART
Impact of macroeconomic factors on development of Paki-stan
Khan, Ifran
Nazir, Muhammad Imran
Fareed, Zeeshan
Nazir, Muhammad Rizwan
Faryal, Faryal
Macroeconomic Factors
OLS
Economy of Pakistan.
Macroeconomic factors play a fundamental role in attracting the growth the country. This research examined the impact of various macroeconomic factors on GDP of Pakistan for the period of 1975-2015. The core objective of this research was to check the impact of inflation, investment, exchange rate and net export on development of Pakistan. The tool for analysis was Ordinary Least Square (OLS) multiple regression model. This research used Descriptive Statistics, Harvey's test for checking the heteroscedasticity and Breusch Godfrey LM test to check autocorrelation among variables. The results of this study show that inflation exerts negative significant effect on Pakistan GDP whereas investment shows positive significant effect and exchange rate have positive insignificant effect on GDP of Pakistan. Moreover net export has been highly positive significant on Pakistan GDP.
Science Publishing Corporation
2017-05-11
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7538
10.14419/ijaes.v5i1.7538
International Journal of Accounting and Economics Studies; Vol. 5 No. 1 (2017); 63-67
2309-4508
10.14419/ijaes.v5i1
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7538/2710
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7672
2017-11-30T04:33:21Z
IJAES:ART
Enhancing rural livelihoods in Tanza-nia : A small-holder farmers’ perspective
Kinyondo, Abel
Magashi, Joseph
Agriculture
Rural Livelihoods
Smallholder Farmer
Sustainable Development
Poverty.
Poverty reduction has been a difficult milestone for Tanzania to achieve despite recording remarkable economic growth over the past decade. This is because the attained growth is not inclusive, in that sectors contributing to this growth employ fewer people. Given the fact that agriculture continues to employ the majority of people in Tanzania, efforts to improve livelihoods should necessarily be geared towards transforming the sector. It is in this context that using a sample of 3,000 farmers from 13 regions of Tanzania; this Tanzania, this study set out to examine challenges facing farmers and their respective solutions following the sustainable livelihood framework. Findings show that improving farmers’ livelihoods would entail concerted efforts by the government to avail to farmers, quality and affordable seeds, fertilizer, agricultural infrastructures, subsidies, extension services, markets, information alert, affordable loans, and areas for pastures. This implies that the government needs to allocate enough funds to the agricultural sector if farmers’ needs are to be met. We note, however, that government’s allocation to the sector has alarmingly generally been exhibiting a declining trend for the past four years. It is against this background that we strongly recommend that the government rethinks its position and prioritize the agricultural sector in its budget.
Science Publishing Corporation
2017-06-03
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7672
10.14419/ijaes.v5i2.7672
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 68-79
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7672/2744
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7737
2017-11-30T04:33:21Z
IJAES:ART
Investigating the relationship between credit risk indicators and timely fulfillment of the customers' obligations (a case study of bank sepah branches in east Azerbaijan and Ardabil regions)
Azimi, Dariosh
Badavar Nahandi, Younes
Sepah Bank
Obligations
Credit Risk
Logistic Regression.
This research was conducted with the aim to investigate and identify the relationship between credit risk indicators and timely fulfillment of the legal customers’ obligations of Sepah Bank. To do this, credit data and financial ratios of 370 cases of Sepah’s Bank legal customers who had used credit services of Sepah Bank branches in East Azerbaijan and Ardabil regions during a period from 2012-2014 were collected. In this respect, data related to 27 financial ratios as explanatory variables of 370 cases of the mentioned sample were extracted from their credit files and were selected to be tested after performing required refinement and classifying in two groups of extracted data from audited and unaudited financial statements. Then the relationships between these variables and timely fulfillment of obligations were investigated using logistic regression method and considering the significance of the independent variables at 95% confidence level. The results of the research showed that accounting, current, and acid test ratios, working capital, return on total assets, return on equity and gross profit to sell listed in unaudited financial statements group and current ratio/ liquidity ratio, current assets ratio, accounts receivable turnover ratio, return on total assets, debt-to-equity ratio, debt to asset ratio, current debts to equity ratio listed in audited financial statements group have a significant relationship with timely fulfillment of the customers' obligations.
Science Publishing Corporation
2017-06-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7737
10.14419/ijaes.v5i2.7737
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 80-86
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7737/2773
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7792
2017-11-30T04:33:21Z
IJAES:ART
Stock index manipulation around election announcements: evidence from Pakistan stock exchange
Khan, Shahbaz
Jafri, Razzi Abbas
Baig, Nida
Shaique, Muhammad
Usman, Muhammad
Political Elections
Pakistan Stock Exchange
Stock Returns
Market Efficiency
Event Study.
The purpose of this study is to find out the impact of political general elections of Pakistan on KSE-100 index. We employed Event study methodology on closing prices of KSE-100 index over the time period January, 1998 to May, 2013. During our sample period, 3 events of political general Elections occurred i.e., Event1 in 2002, Event2 in 2008, and recently Event3 in 2013. We construct an Event window of 11 days consisting of 5 pre-event days, 1 on-event day, and 5 post-event days. Results of this study show that Events 1 -and 2 put significant negative impact on stock returns, while Event3 demonstrates a significant positive impact on stock returns. This study also revealed the pre -and post-event comparison for all of the three events and, suggested that as soon as the political situation of the country changes, behavior of investors towards political general election also changes. Manipulation in stock index has always been remained an inconclusive phenomenon for investors and policy makers. So, further evidence on an individual country level might suggest fruitful guidelines to both investors and policy makers.
Science Publishing Corporation
2017-07-01
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7792
10.14419/ijaes.v5i2.7792
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 87-91
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7792/2776
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7815
2017-11-30T04:33:21Z
IJAES:ART
Do the cultural and behavioral factors have an impact on adoption of international accounting standards?
Riahi, Olfa
Khoufi, Walid
International Accounting Standards (IAS/IFRS)
Developing Countries
Accounting Conservatism
Corruption
Culture.
In this paper, we try to explain the effect of cultural and behavioral factors on the decision to adopt IFRS in developing countries until 2013. By using contingency theory and based on a sample of 77 developing countries, this head study allowed us to show that the behavioral factors, essentially accounting conservatism, are more dominant that cultural factors behind the decision to adopt IFRS by developing countries (DC).
Science Publishing Corporation
2017-07-05
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7815
10.14419/ijaes.v5i2.7815
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 92-99
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7815/2777
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7981
2017-11-30T04:33:21Z
IJAES:ART
The role of resistance in incorporating XBRL into financial reporting practices
Krisko, Adam
Accounting Environment
Actor-Network Theory
Financial Reporting Regulation
Translation
XBRL.
Using the actor-network theory (ANT), this article sought to analyze the translation process induced by the Danish regulatory agency for financial reporting to incorporate the eXtensible Business Reporting Language (XBRL) into the financial reporting practices, giving special attention to how resistance demonstrated by certain actors shapes the process of incorporating the technology into the financial reporting environment. The empirical analysis, relying on a series of semi-structured interviews conducted between November 2013 and February 2016, highlighted the strategic steps taken by the regulatory agency to deal with the emerging resistance. The analysis illustrated how the initial setting created at the early stages of the translation process develops into a socio-technical context in which the participating actors' no longer express resistance, and commit to the incorporation of XBRL. In this respect, the paper contributes to previous studies on XBRL, adds to the financial reporting literature by illustrating how resistance shapes the introduction of complex regulatory changes, and contributes to the ANT literature, especially those based on Michel Callon’s translation model.
Science Publishing Corporation
2017-07-13
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7981
10.14419/ijaes.v5i2.7981
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 100-111
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7981/2785
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/7987
2017-11-30T04:33:22Z
IJAES:ART
A comparative study of information content of cash flow, cash value added, accounting earnings, and market value added to book value of total assets in evaluating the firm performance
Delkhosh, Mohammad
Malek, Zahra
Rahimi, Maryam
Farokhi, Zohreh
Cash Value Added
Market Value Added
Net Cash Flows
Net Operating Cash Flows
Valued Added
Tobin’s Q Ratio.
The aim of the present study was to compare the utility of traditional accounting reporting and financial reporting for performance evaluations. Accordingly, the relationship between six ratios of net cash flows, net operating cash flows, cash value added, income after tax, income before tax, and market value added to the book value of total assets and Tobin’s Q ratio as an indicator of performance evaluation were examined. For this purpose, the information of 122 companies listed on Tehran Stock Exchange in the years 2009 to 2014 were used. Besides, linear regression and analysis of variance (ANOVA) were used to analyze the data. The results showed that except for the ratio of net cash flows to the book value of total assets, there was a significant relationship between the other five ratios. In addition, it was noted that cash value added to net operating cash flows had more information content concerning evaluating the firm performance. The results also indicated that net cash flows did not contain information content for evaluating the firm performance. However, the market value added had the maximum information to be used for evaluating the firm performance.
Science Publishing Corporation
2017-07-18
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/7987
10.14419/ijaes.v5i2.7987
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 112-117
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/7987/2798
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/8082
2017-11-30T04:33:22Z
IJAES:ART
Impact of capital structure on profitability and earnings of the firm; a study on Pakistani companies from Non-Financial sector
Raza, Hasnain
Akhtar, Faiza
Rehman, Mohsin
Naeem, Sehrish
Aamir Ali, Muhammad
Eviews 8
Panel Regression
Hausman Test
Random Effect Model
ROE
EPS
DE and DA.
Capital structure is the driver of profitability and earnings of any company; therefore, the impact of capital structure is analyzed in companies selected from non-financial sector of Pakistan including public and private sector. The financial data of 22 companies has been observed from 2010-2015. Eviews 8 has been used to analyze the panel regression. The Hausman test confirms that random effect model is appropriate for both ROE and EPS. Findings reveal that DE is insignificantly negatively related to ROE but significantly positively related to EPS, where DA is insignificantly positively related to ROE but significantly negatively related to EPS. The policy makers of sample companies should consider the impact of capital structure on EPS.
Science Publishing Corporation
2017-08-21
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/8082
10.14419/ijaes.v5i2.8082
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 118-123
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/8082/2829
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/8091
2017-11-30T04:33:22Z
IJAES:ART
Research and development accounting treatment: effects of CEO characteristics and corporate governance mechanisms
Triki Damak, Sana
CEO Characteristics
Corporate Governance
R&D
France.
This study aims to examine empirically the influence of Chief Executive Officer (CEO) characteristics and corporate governance mechanisms on Research and Development (R&D) capitalization in France.Using data drawn from a sample of non-financial firms listed in SBF 120, this study provides empirical evidence for the influence of CEO characteristics and audit quality on R&D capitalization. As results, we find that R&D capitalization is likely to be increased in firms managed by younger managers, CEOs with higher ownership, shorter tenure and higher educational level. Also, R&D capitalization is likely to be increased in firms with lower audit quality, in higher leveraged firms, in less performed and larger firms.This study offers insights to investors and accounting standard setters interested about the subject of R&D capitalization determinants. Importantly, it confirms that some CEO characteristics and corporate governance mechanisms are likely to affect the CEO’s behavior regarding the R&D accounting treatment.
Science Publishing Corporation
2017-08-24
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/8091
10.14419/ijaes.v5i2.8091
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 124-133
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/8091/2833
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/8118
2017-11-30T04:33:22Z
IJAES:ART
Lending rate and firms’ investment decisions : Evidence from Ghana
Amo, Joseph
M. Yusif, Hadrat
ARDL Cointegration
Ghana
Lending Rate
Private Investment.
This paper has examined the impact of lending rate on firms’ investment decision in Ghana. The Autoregressive Distributed Lag (ARDL) estimation framework was applied to time series data from 1980 to 2011. We found that lending rate has significant negative impact on private investment in both short run and long run in Ghana. It was also found that real GDP has a significant direct impact on private investment in both the short run and the long run periods. Our findings have important implications for investment policy in Ghana.
Science Publishing Corporation
2017-09-10
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
http://www.sciencepubco.com/index.php/IJAES/article/view/8118
10.14419/ijaes.v5i2.8118
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 141-145
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/8118/2848
http://www.sciencepubco.com/index.php/IJAES/article/view/8118/17402
Copyright (c) 2017 International Journal of Accounting and Economics Studies
oai:ojs.pkp.sfu.ca:article/8132
2017-11-30T04:33:22Z
IJAES:ART
Corporate governance and tax aggresiveness, an evidence on manufacturing companies in Indonesia
Adi Prawira, Ida Farida
Corporate Governance
Tax Aggressiveness
Manufacturing Companies.
The aim of this research is to find out about the influence of corporate governance (Size of Board Commissioners and size of directors) toward tax aggressiveness in manufacturing companies, which are listed in Indonesian Stock Exchange. The sample of this research was 58 manufacturing companies over three years is 2013-2015 with a total of 174 samples, using a purposive sampling method. In this research, researchers used documentation study to collected secondary data with web browsing. Data analysis was performed with the classical assumption and hypothesis testing with multiple linear regression method.To analyze data using SPSS software version 21. The results of hypothesis testing showed that have an influence among corporate governance (Size of Board Commissioners and size of directors) toward tax aggressiveness in manufacturing companies with an indicator books tax different.
Science Publishing Corporation
2017-08-31
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
http://www.sciencepubco.com/index.php/IJAES/article/view/8132
10.14419/ijaes.v5i2.8132
International Journal of Accounting and Economics Studies; Vol. 5 No. 2 (2017); 134-140
2309-4508
10.14419/ijaes.v5i2
eng
http://www.sciencepubco.com/index.php/IJAES/article/view/8132/2842
Copyright (c) 2017 International Journal of Accounting and Economics Studies
3e5276ea3ef108c5ea311b6750c0f331